The Walt Disney Company $DIS Shares Sold by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,146 shares of the entertainment giant’s stock after selling 4,991 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Walt Disney were worth $2,373,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG raised its position in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after purchasing an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $326,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $4,220,599,000. Wedge Capital Management L L P NC raised its position in shares of 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 worth $39,724,000 after purchasing an additional 316,707 shares during the last quarter. Finally, WoodTrust Financial Corp raised its position in shares of Walt Disney by 6.7% during the 1st quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock worth $9,491,000 after purchasing an additional 6,047 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.7%

DIS stock opened at $110.69 on Friday. The company has a market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.44 and a beta of 1.54. 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 business has a fifty day simple moving average of $114.86 and a 200-day simple moving average of $110.75. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DIS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $132.90.

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.