The Walt Disney Company $DIS Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 79,996 shares of the entertainment giant’s stock after selling 420 shares during the period. Walt Disney comprises about 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walt Disney were worth $9,920,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter worth $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Walt Disney by 9.7% during the first 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 worth $1,826,930,000 after buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 4.2% during the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi grew its holdings in shares of Walt Disney by 11.4% during the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.6%

Shares of DIS opened at $109.17 on Friday. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm has a 50-day moving average price of $115.36 and a 200 day moving average price of $110.34. The firm has a market capitalization of $196.27 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Nineteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.