Keating Investment Counselors Inc. Reduces Stake in The Walt Disney Company (NYSE:DIS)

Keating Investment Counselors Inc. reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,366 shares of the entertainment giant’s stock after selling 473 shares during the period. Keating Investment Counselors Inc.’s holdings in Walt Disney were worth $1,129,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Gryphon Financial Partners LLC purchased a new stake in Walt Disney in the 4th quarter worth about $603,000. AGF Management Ltd. raised its position in shares of Walt Disney by 6,508.2% in the fourth quarter. AGF Management Ltd. now owns 340,787 shares of the entertainment giant’s stock valued at $30,770,000 after purchasing an additional 335,630 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Walt Disney by 10.4% during the 4th quarter. QRG Capital Management Inc. now owns 132,092 shares of the entertainment giant’s stock valued at $11,927,000 after buying an additional 12,495 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Walt Disney by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 61,002 shares of the entertainment giant’s stock valued at $5,508,000 after buying an additional 1,644 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Walt Disney by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,225,868 shares of the entertainment giant’s stock worth $200,974,000 after buying an additional 35,440 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DIS. Macquarie dropped their target price on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays reduced their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Down 0.8 %

Shares of NYSE DIS opened at $87.94 on Friday. The stock has a market capitalization of $160.32 billion, a P/E ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The firm’s 50 day simple moving average is $91.98 and its two-hundred day simple moving average is $103.22. 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 released its 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, analysts expect that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

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.