The Walt Disney Company $DIS Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 84.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,373 shares of the entertainment giant’s stock after selling 182,490 shares during the period. Davis R M Inc.’s holdings in Walt Disney were worth $4,263,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. Nuveen LLC acquired a new position in shares of Walt Disney during the first quarter worth $1,353,607,000. Diamond Hill Capital Management Inc. increased its holdings in Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after buying an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 buying an additional 2,446,087 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in 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 buying an additional 1,774,772 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group upped their price target on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Susquehanna restated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Price Performance

Shares of DIS opened at $110.80 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a 50-day simple moving average of $113.45 and a 200-day simple moving average of $114.00. The company has a market capitalization of $199.21 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

Walt Disney 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.