The Walt Disney Company $DIS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 34.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,834 shares of the entertainment giant’s stock after selling 165,049 shares during the period. Intech Investment Management LLC’s holdings in Walt Disney were worth $30,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the first quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new position in Walt Disney in the fourth quarter valued at $27,000. Kessler Investment Group LLC increased its holdings in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management purchased a new position in Walt Disney in the fourth quarter valued at $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney in the fourth quarter valued at $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Walt Disney stock opened at $117.43 on Wednesday. The firm has a 50 day simple moving average of $118.78 and a 200-day simple moving average of $108.90. 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 stock has a market cap of $211.13 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.39 EPS. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the subject of a number of research reports. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Citigroup boosted their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.18.

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.