Impax Asset Management Group plc Trims Holdings in The Walt Disney Company $DIS

Impax Asset Management Group plc decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 42.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,628 shares of the entertainment giant’s stock after selling 171,131 shares during the quarter. Impax Asset Management Group plc’s holdings in Walt Disney were worth $28,476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DIS. Brighton Jones LLC raised its holdings in shares of Walt Disney by 7.7% during the fourth 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 last quarter. Wealthfront Advisers LLC boosted its holdings in Walt Disney by 2.8% in the first quarter. Wealthfront Advisers LLC now owns 119,115 shares of the entertainment giant’s stock valued at $11,757,000 after purchasing an additional 3,298 shares during the last quarter. Sage Mountain Advisors LLC boosted its holdings in Walt Disney by 4.9% in the first quarter. Sage Mountain Advisors LLC now owns 7,407 shares of the entertainment giant’s stock valued at $731,000 after purchasing an additional 348 shares during the last quarter. Larson Financial Group LLC grew its position in Walt Disney by 23.7% during the 1st quarter. Larson Financial Group LLC now owns 20,440 shares of the entertainment giant’s stock worth $2,017,000 after purchasing an additional 3,918 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of Walt Disney by 16.1% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 22,583 shares of the entertainment giant’s stock valued at $2,229,000 after buying an additional 3,133 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.7%

DIS stock opened at $116.79 on Thursday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week 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 50-day simple moving average of $113.25 and a 200-day simple moving average of $114.34. The stock has a market capitalization of $209.99 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. During the same period in the previous year, the firm posted $1.14 EPS. Walt Disney’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIS. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Walt Disney in a research report on Wednesday. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $132.90.

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.