Rathbones Group PLC Reduces Stake in The Walt Disney Company $DIS

Rathbones Group PLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 31.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 924,449 shares of the entertainment giant’s stock after selling 427,233 shares during the quarter. Rathbones Group PLC owned approximately 0.05% of Walt Disney worth $114,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. DiNuzzo Private Wealth Inc. grew its stake in Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $26,000. Harbor Asset Planning Inc. bought a new position in Walt Disney in the 2nd quarter valued at $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the 2nd quarter valued at $49,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $53,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DIS shares. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Tuesday, September 23rd. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Price Performance

DIS opened at $110.80 on Friday. The stock has a 50-day moving average price of $113.45 and a 200-day moving average price of $113.81. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $199.21 billion, a P/E ratio of 17.37, a PEG ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.39 EPS. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.