Gemmer Asset Management LLC Sells 668 Shares of The Walt Disney Company (NYSE:DIS)

Gemmer Asset Management LLC decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 14.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,861 shares of the entertainment giant’s stock after selling 668 shares during the quarter. Gemmer Asset Management LLC’s holdings in Walt Disney were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares in the last quarter. Telos Capital Management Inc. boosted its position in Walt Disney by 1.7% during the 4th quarter. Telos Capital Management Inc. now owns 74,767 shares of the entertainment giant’s stock worth $6,751,000 after buying an additional 1,236 shares during the period. Valmark Advisers Inc. increased its position in Walt Disney by 4.9% in the 4th quarter. Valmark Advisers Inc. now owns 7,744 shares of the entertainment giant’s stock valued at $699,000 after acquiring an additional 359 shares during the period. Jennison Associates LLC bought a new position in shares of Walt Disney during the first quarter valued at $1,490,492,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

Shares of NYSE:DIS traded down $0.35 during trading on Tuesday, reaching $85.60. 14,439,609 shares of the stock were exchanged, compared to its average volume of 11,698,066. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The stock has a fifty day moving average of $96.56 and a two-hundred day moving average of $105.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $156.05 billion, a price-to-earnings ratio of 93.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released 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 firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Research analysts anticipate that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DIS shares. 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. Macquarie cut their price objective on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday. Needham & Company LLC decreased their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced 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, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price for the company in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and twenty-three have issued 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 $118.21.

Insider Activity at Walt Disney

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.