FLC Capital Advisors Cuts Stock Position in The Walt Disney Company $DIS

FLC Capital Advisors trimmed its position in shares of The Walt Disney Company (NYSE:DISFree Report) by 21.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,886 shares of the entertainment giant’s stock after selling 2,130 shares during the quarter. FLC Capital Advisors’ holdings in Walt Disney were worth $978,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in Walt Disney during the 2nd quarter worth $4,220,599,000. Nuveen LLC purchased a new stake in shares of Walt Disney during the first quarter worth about $1,353,607,000. Diamond Hill Capital Management Inc. grew its stake in shares of Walt Disney by 1,080.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock worth $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Walt Disney by 9.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after purchasing an additional 1,642,907 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.7%

Walt Disney stock opened at $110.69 on Monday. The business’s 50-day moving average price is $114.86 and its 200 day moving average price is $110.99. 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 market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69.

Walt Disney (NYSE:DISGet Free Report) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating 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 firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same period in the previous year, the firm earned $1.39 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. UBS Group upped their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Barclays lifted their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 target price on shares of Walt Disney in a report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Read Our Latest Research Report on Walt Disney

Walt Disney Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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