The Walt Disney Company $DIS Shares Sold by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 33.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,042 shares of the entertainment giant’s stock after selling 1,991 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Walt Disney were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DIS. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney in the 2nd quarter valued at approximately $4,220,599,000. Nuveen LLC acquired a new stake in Walt Disney in the 1st quarter valued at about $1,353,607,000. Diamond Hill Capital Management Inc. increased 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 acquiring an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. raised its position in Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Walt Disney by 9.4% in the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after purchasing an additional 1,774,772 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped 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. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday, October 8th. 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, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Up 1.4%

DIS stock opened at $111.78 on Friday. 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 fifty day moving average price of $114.24 and a two-hundred day moving average price of $112.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market cap of $200.97 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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.