Kennon Green & Company LLC Sells 4,844 Shares of The Walt Disney Company $DIS

Kennon Green & Company LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,990 shares of the entertainment giant’s stock after selling 4,844 shares during the quarter. Walt Disney accounts for approximately 3.2% of Kennon Green & Company LLC’s holdings, making the stock its 12th biggest position. Kennon Green & Company LLC’s holdings in Walt Disney were worth $3,950,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its stake in Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares during the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares during the last quarter. Apollon Financial LLC grew its holdings in shares of Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 shares during the period. Community Bank N.A. increased its position in Walt Disney by 0.4% during the second quarter. Community Bank N.A. now owns 23,045 shares of the entertainment giant’s stock valued at $2,858,000 after acquiring an additional 89 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several research reports. Rosenblatt Securities raised their target price on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Finally, Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Trading Up 0.8%

Walt Disney stock opened at $111.12 on Wednesday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The firm 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. The firm has a 50 day moving average of $115.03 and a 200 day moving average of $110.57. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last posted its quarterly 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 business had revenue of $23.65 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.