SBI Securities Co. Ltd. Decreases Stake in The Walt Disney Company $DIS

SBI Securities Co. Ltd. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,791 shares of the entertainment giant’s stock after selling 2,140 shares during the period. SBI Securities Co. Ltd.’s holdings in Walt Disney were worth $5,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Walt Disney by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after purchasing an additional 2,446,087 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney during the 2nd quarter worth $4,220,599,000. Jennison Associates LLC grew its stake in shares of Walt Disney by 9.4% during the second quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock worth $2,564,145,000 after purchasing an additional 1,774,772 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 during the last quarter. Finally, Amundi raised 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. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DIS. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and set a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Up 2.4%

DIS opened at $114.93 on Wednesday. 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 Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business’s 50 day moving average is $113.26 and its two-hundred day moving average is $114.33. The firm has a market cap of $206.64 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55.

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.