World Asset Management Inc reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,085 shares of the entertainment giant’s stock after selling 2,830 shares during the quarter. The Walt Disney comprises 0.8% of World Asset Management Inc’s portfolio, making the stock its 19th largest holding. World Asset Management Inc’s holdings in The Walt Disney were worth $8,276,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. FORA Capital LLC bought a new position in The Walt Disney during the 1st quarter valued at $28,000. Johnson Midwest Financial LLC boosted its stake in The Walt Disney by 142.9% during the 2nd quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. FFT Wealth Management LLC bought a new position in The Walt Disney during the 2nd quarter valued at $37,000. Smith Asset Management Group LP bought a new position in The Walt Disney during the 2nd quarter valued at $39,000. Finally, Paragon Wealth Strategies LLC bought a new position in The Walt Disney during the 2nd quarter valued at $39,000. 64.10% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on DIS. Zacks Investment Research lowered The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price target for the company. in a research note on Wednesday, August 18th. The Goldman Sachs Group increased their price objective on The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 13th. Royal Bank of Canada increased their price objective on The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, August 13th. Wolfe Research reiterated an “outperform” rating and set a $226.00 price objective on shares of The Walt Disney in a research report on Thursday, June 10th. Finally, UBS Group increased their price objective on The Walt Disney from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, August 13th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, The Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $208.56.
Shares of NYSE:DIS traded up $0.12 during midday trading on Wednesday, hitting $182.52. 178,898 shares of the stock were exchanged, compared to its average volume of 9,566,108. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The Walt Disney Company has a 52-week low of $117.23 and a 52-week high of $203.02. The business’s fifty day simple moving average is $178.78 and its two-hundred day simple moving average is $181.34. The company has a market capitalization of $331.66 billion, a PE ratio of 299.02, a P/E/G ratio of 3.50 and a beta of 1.19.
The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. The business had revenue of $17.02 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same period last year, the company earned $0.08 earnings per share. As a group, equities analysts anticipate that The Walt Disney Company will post 2.45 EPS for the current year.
About The Walt Disney
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.
Further Reading: Why does a company issue an IPO?
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).
Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.