The Walt Disney Company $DIS Shares Sold by Fire Capital Management LLC

Fire Capital Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,207 shares of the entertainment giant’s stock after selling 672 shares during the quarter. Walt Disney makes up about 1.0% of Fire Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Fire Capital Management LLC’s holdings in Walt Disney were worth $1,514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC boosted its position in shares of Walt Disney by 9.4% during the 2nd quarter. Jennison Associates LLC now owns 20,676,921 shares of the entertainment giant’s stock valued at $2,564,145,000 after acquiring an additional 1,774,772 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Walt Disney during the 2nd quarter valued at about $228,000. New York Life Investment Management LLC boosted its position in shares of Walt Disney by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 269,347 shares of the entertainment giant’s stock valued at $33,402,000 after acquiring an additional 1,849 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in shares of Walt Disney by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 17,247 shares of the entertainment giant’s stock valued at $2,139,000 after acquiring an additional 362 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of Walt Disney by 11.6% during the 2nd quarter. Howard Capital Management Inc. now owns 11,624 shares of the entertainment giant’s stock valued at $1,447,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.6%

Shares of NYSE:DIS opened at $111.71 on Wednesday. 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 capitalization of $200.85 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The firm’s 50-day moving average is $114.47 and its two-hundred day moving average is $112.32. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results 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. The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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. UBS Group boosted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Barclays boosted their price objective 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. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.