Glass Jacobson Investment Advisors llc Sells 4,971 Shares of The Walt Disney Company $DIS

Glass Jacobson Investment Advisors llc trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 93.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 364 shares of the entertainment giant’s stock after selling 4,971 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Walt Disney were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC grew 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 valued at $2,980,000 after acquiring an additional 1,904 shares during the period. GAMMA Investing LLC raised its stake in Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after acquiring an additional 1,856 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Walt Disney by 41.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 407,670 shares of the entertainment giant’s stock valued at $40,237,000 after purchasing an additional 118,989 shares in the last quarter. Diversified Trust Co boosted its position in shares of Walt Disney by 1.1% in the first quarter. Diversified Trust Co now owns 19,260 shares of the entertainment giant’s stock worth $1,901,000 after purchasing an additional 212 shares during the period. Finally, Artemis Investment Management LLP bought a new position in shares of Walt Disney in the first quarter worth approximately $10,305,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business has a 50 day simple moving average of $114.64 and a two-hundred day simple moving average of $111.84. The stock has a market capitalization of $200.72 billion, a PE ratio of 17.50, a P/E/G ratio of 1.46 and a beta of 1.54.

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

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a report on Friday, October 17th. Evercore ISI boosted their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.