Focused Investors LLC Sells 24,900 Shares of The Walt Disney Company $DIS

Focused Investors LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,165,950 shares of the entertainment giant’s stock after selling 24,900 shares during the quarter. Walt Disney accounts for 4.7% of Focused Investors LLC’s holdings, making the stock its 10th biggest holding. Focused Investors LLC owned approximately 0.06% of Walt Disney worth $144,589,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Walt Disney by 1.6% in 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 buying an additional 2,446,087 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter valued at about $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Walt Disney by 9.7% in the first 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 buying an additional 1,642,907 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after buying an additional 717,066 shares in the last quarter. Finally, Amundi boosted its stake in Walt Disney by 11.4% in the first quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after buying an additional 1,520,513 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on DIS shares. Evercore ISI raised their price objective on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Price Performance

Shares of DIS opened at $112.54 on Wednesday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. 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 company has a market capitalization of $202.33 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.54. The business has a 50-day moving average of $115.82 and a 200-day moving average of $110.21.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period last year, the company earned $1.39 earnings per share. The firm’s 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 earnings per share for the current 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.