Knights of Columbus Asset Advisors LLC Cuts Stock Position in The Walt Disney Company $DIS

Knights of Columbus Asset Advisors LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 15.0% in the second quarter, Holdings Channel reports. The firm owned 114,058 shares of the entertainment giant’s stock after selling 20,071 shares during the period. Walt Disney makes up 0.9% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 24th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Walt Disney were worth $14,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Nuveen LLC acquired a new stake in Walt Disney during the 1st quarter valued at $1,353,607,000. Diamond Hill Capital Management Inc. increased its stake in Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after buying an additional 2,578,004 shares during the period. Vanguard Group Inc. lifted its holdings in Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after buying an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after buying an additional 1,642,907 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $112.49 on Monday. The stock has a market capitalization of $202.25 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The business’s fifty day moving average price is $116.12 and its 200 day moving average price is $110.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

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

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Citigroup lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Rosenblatt Securities increased their target price on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.