Robertson Stephens Wealth Management LLC Has $1.92 Million Stake in The Walt Disney Company $DIS

Robertson Stephens Wealth Management LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,453 shares of the entertainment giant’s stock after selling 1,646 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Walt Disney were worth $1,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Verde Servicos Internacionais S.A. acquired a new stake in Walt Disney during the 2nd quarter valued at $9,215,000. Moseley Investment Management Inc. increased its holdings in Walt Disney by 5.1% during the 2nd quarter. Moseley Investment Management Inc. now owns 12,658 shares of the entertainment giant’s stock valued at $1,570,000 after purchasing an additional 611 shares in the last quarter. Vantage Point Financial LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $201,000. Ramirez Asset Management Inc. increased its holdings in Walt Disney by 12.5% during the 2nd quarter. Ramirez Asset Management Inc. now owns 900 shares of the entertainment giant’s stock valued at $112,000 after purchasing an additional 100 shares in the last quarter. Finally, Callan Family Office LLC increased its holdings in Walt Disney by 211.9% during the 2nd quarter. Callan Family Office LLC now owns 66,172 shares of the entertainment giant’s stock valued at $8,206,000 after purchasing an additional 44,954 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.6%

NYSE:DIS opened at $109.17 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 capitalization of $196.27 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54. The stock’s fifty day simple moving average is $115.36 and its 200-day simple moving average is $110.34.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) 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 business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. increased their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research report on Wednesday. Finally, Barclays increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.18.

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.