Jag Capital Management LLC Sells 68,059 Shares of The Walt Disney Company $DIS

Jag Capital Management LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 65.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,009 shares of the entertainment giant’s stock after selling 68,059 shares during the period. Jag Capital Management LLC’s holdings in Walt Disney were worth $4,466,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DIS. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Nuveen LLC purchased a new position in shares of Walt Disney in the first quarter worth $1,353,607,000. Diamond Hill Capital Management Inc. raised its holdings 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 valued at $277,993,000 after buying an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. boosted its position in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after buying an additional 2,446,087 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 worth $1,826,930,000 after acquiring an additional 1,642,907 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Rosenblatt Securities upped their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group increased 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. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

DIS opened at $110.32 on Tuesday. 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 company has a market cap of $198.35 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The stock has a fifty day simple moving average of $115.18 and a two-hundred day simple moving average of $110.57. 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 released 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. The firm had revenue of $23.65 billion for 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 company’s 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 EPS. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share 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.