Check Capital Management Inc. CA Has $53.75 Million Holdings in The Walt Disney Company $DIS

Check Capital Management Inc. CA lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 1.2% in the second quarter, HoldingsChannel reports. The fund owned 433,462 shares of the entertainment giant’s stock after selling 5,106 shares during the period. Walt Disney makes up 1.8% of Check Capital Management Inc. CA’s portfolio, making the stock its 8th largest position. Check Capital Management Inc. CA’s holdings in Walt Disney were worth $53,754,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. CWM LLC grew its stake in shares of Walt Disney by 3.7% during the 2nd quarter. CWM LLC now owns 170,690 shares of the entertainment giant’s stock worth $21,167,000 after acquiring an additional 6,051 shares in the last quarter. OFI Invest Asset Management grew its stake in shares of Walt Disney by 96.8% during the 2nd quarter. OFI Invest Asset Management now owns 16,758 shares of the entertainment giant’s stock worth $2,078,000 after acquiring an additional 8,242 shares in the last quarter. Lodestar Private Asset Management LLC grew its stake in shares of Walt Disney by 14.0% during the 2nd quarter. Lodestar Private Asset Management LLC now owns 3,632 shares of the entertainment giant’s stock worth $450,000 after acquiring an additional 446 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Walt Disney by 8.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 179,348 shares of the entertainment giant’s stock worth $22,266,000 after acquiring an additional 14,127 shares in the last quarter. Finally, Sather Financial Group Inc bought a new position in shares of Walt Disney during the 2nd quarter worth approximately $215,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley raised 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 Monday, August 4th. Barclays raised 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. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Down 1.6%

NYSE DIS opened at $109.17 on Friday. The company has a market cap of $196.27 billion, a PE ratio of 17.11, a PEG ratio of 1.43 and a beta of 1.54. 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 stock has a 50 day moving average of $115.36 and a 200-day moving average of $110.41.

Walt Disney (NYSE:DIS) last announced its quarterly 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.