Arlington Partners LLC Has $3.03 Million Position in The Walt Disney Company (NYSE:DIS)

Arlington Partners LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,530 shares of the entertainment giant’s stock after selling 603 shares during the quarter. Arlington Partners LLC’s holdings in Walt Disney were worth $3,031,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its position 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 worth $244,754,000 after purchasing an additional 916,772 shares during the period. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the first quarter worth about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. raised 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 during the period. Rheos Capital Works Inc. raised its position in shares of Walt Disney by 41.3% during the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB raised its position 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 buying an additional 810,923 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Evercore ISI dropped their target price 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 dropped their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group dropped their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. 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 report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.71 during midday trading on Friday, hitting $87.94. 7,791,503 shares of the company’s stock were exchanged, compared to its average volume of 11,356,279. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The company’s 50 day moving average price is $91.98 and its 200 day moving average price is $103.22. The firm has a market capitalization of $160.32 billion, a PE ratio of 95.59, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40.

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

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was purchased 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 of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 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.