Investment Advisory Group LLC Trims Stake in The Walt Disney Company $DIS

Investment Advisory Group LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 4.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,283 shares of the entertainment giant’s stock after selling 117 shares during the quarter. Investment Advisory Group LLC’s holdings in Walt Disney were worth $283,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Brighton Jones LLC lifted its stake in shares of Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the period. GAMMA Investing LLC raised its position in shares of Walt Disney by 8.1% in the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares during the period. Everhart Financial Group Inc. raised its position in shares of Walt Disney by 12.7% in the 1st quarter. Everhart Financial Group Inc. now owns 8,960 shares of the entertainment giant’s stock worth $884,000 after buying an additional 1,010 shares during the period. Krilogy Financial LLC raised its position in shares of Walt Disney by 12.7% in the 1st quarter. Krilogy Financial LLC now owns 34,496 shares of the entertainment giant’s stock worth $3,405,000 after buying an additional 3,899 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its position in shares of Walt Disney by 4.1% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 6,420 shares of the entertainment giant’s stock worth $634,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DIS shares. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Rosenblatt Securities lifted their price target on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $109.17 on Friday. The stock has a market cap of $196.27 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.43 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock’s 50 day moving average price is $115.36 and its 200 day moving average price is $110.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

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, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for 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 was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.