Nisa Investment Advisors LLC Cuts Position in The Walt Disney Company $DIS

Nisa Investment Advisors LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 581,084 shares of the entertainment giant’s stock after selling 59,992 shares during the period. Nisa Investment Advisors LLC’s holdings in Walt Disney were worth $72,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Nuveen LLC purchased a new stake in Walt Disney during the first quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. lifted its position in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after purchasing an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing 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 shares of Walt Disney by 9.7% in 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 valued at $1,826,930,000 after purchasing an additional 1,642,907 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DIS. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a research note on Friday. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

NYSE:DIS opened at $111.64 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $200.72 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The business’s fifty day moving average price is $114.64 and its 200 day moving average price is $111.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate 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.