The Walt Disney Company $DIS Shares Sold by Investment Partners LTD.

Investment Partners LTD. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 34.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,268 shares of the entertainment giant’s stock after selling 2,714 shares during the quarter. Investment Partners LTD.’s holdings in Walt Disney were worth $653,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DIS. Thompson Davis & CO. Inc. acquired a new position in Walt Disney during the second quarter worth $301,000. WASHINGTON TRUST Co grew its stake in shares of Walt Disney by 3.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 130,712 shares of the entertainment giant’s stock valued at $16,210,000 after buying an additional 3,945 shares during the period. Francis Financial Inc. lifted its holdings in Walt Disney by 4.2% in the second quarter. Francis Financial Inc. now owns 2,581 shares of the entertainment giant’s stock valued at $320,000 after acquiring an additional 105 shares during the last quarter. Monetta Financial Services Inc. increased its stake in Walt Disney by 10.8% during the second quarter. Monetta Financial Services Inc. now owns 20,500 shares of the entertainment giant’s stock worth $2,542,000 after acquiring an additional 2,000 shares during the last quarter. Finally, ABN Amro Investment Solutions purchased a new stake in Walt Disney in the second quarter valued at $18,260,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIS. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, UBS Group raised their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

Shares of NYSE DIS opened at $106.13 on Thursday. The stock’s 50-day simple moving average is $113.25 and its 200-day simple moving average is $114.34. The firm has a market capitalization of $190.81 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 EPS for the quarter, beating the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS 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.