Axa S.A. Sells 22,194 Shares of The Walt Disney Company (NYSE:DIS)

Axa S.A. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.1% during the 2nd quarter, Holdings Channel reports. The firm owned 288,501 shares of the entertainment giant’s stock after selling 22,194 shares during the quarter. Axa S.A.’s holdings in Walt Disney were worth $28,645,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $31,000. Gold Investment Management Ltd. bought a new position in Walt Disney during the fourth quarter worth $28,000. Red Tortoise LLC grew its holdings in Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Frank Rimerman Advisors LLC bought a new stake in Walt Disney in the fourth quarter valued at $37,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company decreased their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Moffett Nathanson cut their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital dropped their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Stock Up 1.4 %

DIS stock opened at $95.20 on Friday. The stock has a market cap of $173.55 billion, a P/E ratio of 103.48, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $90.42 and its two-hundred day simple moving average is $101.53. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

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.