Grant Street Asset Management Inc. Sells 352 Shares of The Walt Disney Company $DIS

Grant Street Asset Management Inc. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,804 shares of the entertainment giant’s stock after selling 352 shares during the quarter. Grant Street Asset Management Inc.’s holdings in Walt Disney were worth $348,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DIS. DiNuzzo Private Wealth Inc. lifted its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Walt Disney in the 1st quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new stake in Walt Disney in the 2nd quarter valued at approximately $37,000. RMG Wealth Management LLC bought a new position in Walt Disney in the second quarter valued at approximately $49,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock worth $57,000 after purchasing an additional 135 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $110.21 on Thursday. The stock’s fifty day moving average price is $114.33 and its two-hundred day moving average price is $112.49. The Walt Disney Company has a one year low of $80.10 and a one 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 firm has a market cap of $198.15 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 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 firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the company earned $1.39 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Barclays lifted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Evercore ISI upped their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Nineteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Company 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.