The Walt Disney Company $DIS Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,980 shares of the entertainment giant’s stock after selling 160 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Walt Disney were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. J. Safra Sarasin Holding AG lifted its stake in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. bought a new stake in Walt Disney in the first quarter valued at $326,000. WoodTrust Financial Corp lifted its stake in Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the last quarter. Bank of Stockton lifted its stake in Walt Disney by 4.4% in the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after buying an additional 383 shares during the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in Walt Disney in the first quarter valued at $24,373,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $117.43 on Wednesday. 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 50-day moving average price is $118.78 and its two-hundred day moving average price is $108.90. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The stock has a market cap of $211.13 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the business earned $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on DIS. Evercore ISI raised their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Guggenheim lifted 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. UBS Group lifted their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. One investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.