Crestwood Advisors Group LLC Reduces Holdings in The Walt Disney Company $DIS

Crestwood Advisors Group LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,714 shares of the entertainment giant’s stock after selling 10,029 shares during the period. Crestwood Advisors Group LLC’s holdings in Walt Disney were worth $8,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DIS. J. Safra Sarasin Holding AG lifted its position in Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $4,220,599,000. Wedge Capital Management L L P NC lifted its position in Walt Disney by 8,744.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after acquiring an additional 316,707 shares during the period. Lodge Hill Capital LLC purchased a new position in Walt Disney during the 1st quarter valued at about $24,373,000. Finally, Border to Coast Pensions Partnership Ltd lifted its position in Walt Disney by 13.6% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after acquiring an additional 60,353 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $111.51 on Wednesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a 50 day moving average of $113.89 and a 200 day moving average of $113.47. 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 firm has a market cap of $200.48 billion, a P/E ratio of 17.48, a PEG ratio of 1.45 and a beta of 1.54.

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 the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley lifted 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 Monday, August 4th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus 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.