Envestnet Portfolio Solutions Inc. Sells 3,782 Shares of The Walt Disney Company $DIS

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 55,875 shares of the entertainment giant’s stock after selling 3,782 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Walt Disney were worth $6,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the first quarter valued at approximately $26,000. Kessler Investment Group LLC increased its stake in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter valued at approximately $49,000. Finally, Wolff Wiese Magana LLC increased its stake in Walt Disney by 41.5% in the second quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after purchasing an additional 135 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Up 0.8%

Shares of DIS stock opened at $111.12 on Wednesday. The firm has a fifty day moving average of $115.03 and a 200-day moving average of $110.57. The company has a quick ratio of 0.66, a current ratio of 0.72 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 company has a market capitalization of $199.79 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 1.54.

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

Walt Disney Company 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.