Banco Bilbao Vizcaya Argentaria S.A. Decreases Holdings in The Walt Disney Company $DIS

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 518,451 shares of the entertainment giant’s stock after selling 4,819 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Walt Disney were worth $51,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in Walt Disney in the fourth quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the fourth quarter valued at $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.0%

Shares of Walt Disney stock opened at $116.56 on Tuesday. 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 company’s 50-day simple moving average is $119.35 and its 200-day simple moving average is $108.08. The firm has a market cap of $209.57 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.