GAM Holding AG Cuts Holdings in The Walt Disney Company $DIS

GAM Holding AG trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,343 shares of the entertainment giant’s stock after selling 13,653 shares during the period. Walt Disney makes up about 0.9% of GAM Holding AG’s investment portfolio, making the stock its 27th largest holding. GAM Holding AG’s holdings in Walt Disney were worth $13,188,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIS. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% in the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth $326,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth $4,220,599,000. Wedge Capital Management L L P NC boosted its stake in shares of Walt Disney by 8,744.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in shares of Walt Disney in the 1st quarter worth $24,373,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

NYSE:DIS opened at $111.78 on Friday. 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 business’s 50-day simple moving average is $114.24 and its two-hundred day simple moving average is $112.49. The stock has a market cap of $200.97 billion, a PE ratio of 17.52, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DIS. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, September 23rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.90.

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.