The Walt Disney Company $DIS Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,260 shares of the entertainment giant’s stock after selling 7,003 shares during the period. Plato Investment Management Ltd’s holdings in Walt Disney were worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the first quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC increased its holdings in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management acquired a new stake in shares of Walt Disney during the 4th quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.2%

Shares of NYSE:DIS opened at $117.43 on Wednesday. The company has a market capitalization of $211.13 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55. The company has a 50 day moving average of $118.78 and a two-hundred day moving average of $108.90. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on DIS. JPMorgan Chase & Co. boosted their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Morgan Stanley raised 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. Finally, Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

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.