Earnest Partners LLC Sells 485 Shares of The Walt Disney Company (NYSE:DIS)

Earnest Partners LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,857 shares of the entertainment giant’s stock after selling 485 shares during the period. Earnest Partners LLC’s holdings in Walt Disney were worth $6,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Walt Disney by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock worth $988,290,000 after acquiring an additional 102,210 shares in the last quarter. APG Asset Management N.V. boosted its position in Walt Disney by 65.6% during the second quarter. APG Asset Management N.V. now owns 582,325 shares of the entertainment giant’s stock valued at $53,948,000 after purchasing an additional 230,594 shares in the last quarter. AQR Capital Management LLC grew its stake in Walt Disney by 160.5% in the second quarter. AQR Capital Management LLC now owns 829,220 shares of the entertainment giant’s stock valued at $82,333,000 after purchasing an additional 510,844 shares during the last quarter. Affinity Capital Advisors LLC raised its holdings in Walt Disney by 5.9% in the second quarter. Affinity Capital Advisors LLC now owns 2,325 shares of the entertainment giant’s stock worth $231,000 after purchasing an additional 129 shares in the last quarter. Finally, AlTi Global Inc. lifted its position in shares of Walt Disney by 5.4% during the second quarter. AlTi Global Inc. now owns 58,608 shares of the entertainment giant’s stock valued at $5,819,000 after buying an additional 3,012 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIS. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 1.4 %

DIS stock opened at $95.20 on Friday. The company has a market capitalization of $173.55 billion, a P/E ratio of 103.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.40. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The firm’s fifty day simple moving average is $90.42 and its 200-day simple moving average is $101.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating 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 net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

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.