Louisbourg Investments Inc. Sells 5,449 Shares of The Walt Disney Company $DIS

Louisbourg Investments Inc. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 9.9% in the second quarter, HoldingsChannel reports. The fund owned 49,430 shares of the entertainment giant’s stock after selling 5,449 shares during the period. Walt Disney makes up 1.3% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 29th biggest position. Louisbourg Investments Inc.’s holdings in Walt Disney were worth $6,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DIS. Brighton Jones LLC lifted its holdings in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares during the last quarter. GAMMA Investing LLC raised its holdings in Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after buying an additional 1,856 shares during the last quarter. Zhang Financial LLC raised its holdings in Walt Disney by 9.8% during the 1st quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock valued at $218,000 after buying an additional 197 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Walt Disney by 21.0% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock valued at $1,957,000 after buying an additional 3,441 shares during the last quarter. Finally, Thomasville National Bank raised its holdings in Walt Disney by 3.4% during the 1st quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock valued at $751,000 after buying an additional 251 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Rosenblatt Securities upped their price target on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

Walt Disney Stock Down 1.6%

Shares of Walt Disney stock opened at $109.17 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $115.36 and its two-hundred day simple moving average is $110.34. The company has a market cap of $196.27 billion, a P/E ratio of 17.11, a PEG ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

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, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.