The Walt Disney Company (NYSE:DIS) Stake Reduced by Westwood Wealth Management

Westwood Wealth Management lessened its position in The Walt Disney Company (NYSE:DIS) by 14.9% during the second quarter, Holdings Channel reports. The fund owned 4,570 shares of the entertainment giant’s stock after selling 800 shares during the quarter. Westwood Wealth Management’s holdings in Walt Disney were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC bought a new stake in Walt Disney during the 1st quarter valued at $1,490,492,000. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after purchasing an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new stake in Walt Disney in the fourth quarter worth about $459,245,000. Swedbank AB bought a new position in Walt Disney in the 1st quarter valued at about $493,715,000. Finally, Farallon Capital Management LLC acquired a new position in Walt Disney during the 2nd quarter valued at about $355,673,000. 65.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Down 0.8 %

Walt Disney stock opened at $92.96 on Tuesday. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The firm has a market capitalization of $169.47 billion, a PE ratio of 101.04, a PEG ratio of 1.31 and a beta of 1.40. The business’s 50-day simple moving average is $90.59 and its 200-day simple moving average is $101.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. Equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DIS shares. Macquarie decreased their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney 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.