The Walt Disney Company $DIS Shares Sold by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,340 shares of the entertainment giant’s stock after selling 705 shares during the period. Asset Advisors Investment Management LLC’s holdings in Walt Disney were worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings 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. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney in the 2nd quarter valued at about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Walt Disney by 9.7% in the 1st 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock worth $1,758,968,000 after acquiring an additional 717,066 shares during the last quarter. Finally, Amundi increased its stake in Walt Disney by 11.4% during the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock worth $1,468,873,000 after buying an additional 1,520,513 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.7%

Shares of NYSE DIS opened at $112.14 on Friday. The stock has a market cap of $201.62 billion, a PE ratio of 17.58, a PEG ratio of 1.48 and a beta of 1.54. The business has a fifty day moving average of $116.30 and a two-hundred day moving average of $109.86. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.18.

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.