XTX Topco Ltd Cuts Stake in The Walt Disney Company (NYSE:DIS)

XTX Topco Ltd lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 53.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,948 shares of the entertainment giant’s stock after selling 3,412 shares during the quarter. XTX Topco Ltd’s holdings in Walt Disney were worth $293,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DIS. Concorde Asset Management LLC raised its holdings in shares of Walt Disney by 6.9% in the 2nd quarter. Concorde Asset Management LLC now owns 2,768 shares of the entertainment giant’s stock worth $275,000 after purchasing an additional 179 shares during the period. WCG Wealth Advisors LLC increased its position in Walt Disney by 15.8% in the second quarter. WCG Wealth Advisors LLC now owns 35,016 shares of the entertainment giant’s stock worth $3,477,000 after buying an additional 4,776 shares during the last quarter. Mittelman Wealth Management raised its stake in shares of Walt Disney by 3.2% in the second quarter. Mittelman Wealth Management now owns 7,687 shares of the entertainment giant’s stock valued at $763,000 after buying an additional 235 shares during the period. Middleton & Co. Inc. MA grew its stake in shares of Walt Disney by 0.9% during the 2nd quarter. Middleton & Co. Inc. MA now owns 38,898 shares of the entertainment giant’s stock worth $3,862,000 after acquiring an additional 334 shares during the period. Finally, Marathon Trading Investment Management LLC grew its stake in shares of Walt Disney by 333.0% during the 2nd quarter. Marathon Trading Investment Management LLC now owns 7,802 shares of the entertainment giant’s stock worth $775,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 65.71% of the company’s stock.

Insider Activity

In related news, Director Calvin Mcdonald bought 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $96.03 on Friday. The stock has a market cap of $175.07 billion, a price-to-earnings ratio of 104.38, a P/E/G ratio of 1.53 and a beta of 1.40. The stock’s 50-day moving average is $90.39 and its 200 day moving average is $101.49. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

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 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 firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on DIS. Evercore ISI dropped their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Loop Capital cut their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.