Envestnet Asset Management Inc. Has $429.05 Million Stock Holdings in The Walt Disney Company $DIS

Envestnet Asset Management Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,460,448 shares of the entertainment giant’s stock after selling 39,773 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.19% of Walt Disney worth $429,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG increased its stake in shares of Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the last quarter. Planning Directions Inc. acquired a new position in shares of Walt Disney in the first quarter worth $326,000. Kingstone Capital Partners Texas LLC acquired a new position in Walt Disney during the second quarter worth $4,220,599,000. Wedge Capital Management L L P NC increased its position in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in Walt Disney during the first quarter worth $24,373,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 1.2%

DIS stock opened at $111.64 on Monday. 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 52-week low of $80.10 and a 52-week high of $124.69. The company has a 50-day moving average of $114.64 and a two-hundred day moving average of $111.99. The stock has a market capitalization of $200.72 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The business’s quarterly revenue 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Stephens reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Evercore ISI increased their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.