Yousif Capital Management LLC Lowers Stock Holdings in The Walt Disney Company $DIS

Key Points

• Yousif Capital Management LLC has reduced its stake in The Walt Disney Company by 1.5%, selling 3,432 shares and bringing its total ownership to 228,930 shares valued at approximately $28.39 million.
• Analysts have varied price targets for Disney, with Morgan Stanley increasing their target from $120 to $140, while others maintain a "Moderate Buy" consensus rating and an average price target of $131.18.
• Walt Disney shares opened at $109.17, down 1.6%, with the stock experiencing a 12-month low of $80.10 and a high of $124.69, along with a current market capitalization of $196.27 billion.

Yousif Capital Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228,930 shares of the entertainment giant's stock after selling 3,432 shares during the quarter. Yousif Capital Management LLC's holdings in Walt Disney were worth $28,390,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DIS. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant's stock valued at $2,451,000 after buying an additional 1,856 shares in the last quarter. Goldstone Financial Group LLC lifted its stake in shares of Walt Disney by 33.2% during the 1st quarter. Goldstone Financial Group LLC now owns 4,953 shares of the entertainment giant's stock valued at $489,000 after buying an additional 1,234 shares in the last quarter. Missouri Trust & Investment Co increased its holdings in Walt Disney by 16.8% in the 1st quarter. Missouri Trust & Investment Co now owns 14,240 shares of the entertainment giant's stock valued at $1,405,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Walt Disney by 4.8% in the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,679 shares of the entertainment giant's stock valued at $1,350,000 after acquiring an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a report on Monday, August 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Walt Disney in a report on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Raymond James Financial reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Down 1.6%

Shares of NYSE DIS opened at $109.17 on Monday. The firm's 50-day moving average price is $115.36 and its 200-day moving average price is $110.48. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $196.27 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.43 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 EPS. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.