The Walt Disney Company (NYSE:DIS) Shares Sold by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP reduced its holdings in The Walt Disney Company (NYSE:DIS) by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,066 shares of the entertainment giant’s stock after selling 7,311 shares during the period. Walt Disney comprises 0.9% of DoubleLine ETF Adviser LP’s holdings, making the stock its 29th largest position. DoubleLine ETF Adviser LP’s holdings in Walt Disney were worth $3,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Vaughan Nelson Investment Management L.P. boosted its holdings in Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after buying an additional 916,772 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Walt Disney in the first quarter worth approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. raised its stake in Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.2 %

Walt Disney stock opened at $93.92 on Thursday. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The firm has a 50 day moving average price of $90.49 and a 200 day moving average price of $101.59. The company has a market capitalization of $170.33 billion, a PE ratio of 102.09, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. 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 posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the prior year, the company earned $1.03 EPS. Walt Disney’s revenue was up 3.9% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of recent research reports. Raymond James reduced their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Barclays decreased their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie lowered their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Morgan Stanley cut their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

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.