Levin Capital Strategies L.P. decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,085 shares of the entertainment giant’s stock after selling 11,117 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Walt Disney were worth $3,881,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ESL Trust Services LLC acquired a new stake in Walt Disney during the 1st quarter worth approximately $31,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the fourth quarter worth approximately $28,000. Partnership Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $33,000. Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 65.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DIS. Wells Fargo & Company lowered their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on Walt Disney in a research report on Tuesday, June 25th. They set a “buy” rating and a $125.00 target price on the stock. Macquarie reduced their price target on Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Raymond James dropped their price objective on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.
Insider Buying and Selling at Walt Disney
In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.
Walt Disney Price Performance
Walt Disney stock opened at $88.34 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $160.21 billion, a P/E ratio of 96.02, a PEG ratio of 1.31 and a beta of 1.40. The business has a 50-day moving average of $91.79 and a 200-day moving average of $103.05. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74.
Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results 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. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current 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.
Further Reading
- Five stocks we like better than Walt Disney
- Learn Technical Analysis Skills to Master the Stock Market
- Top 3 Stocks to Secure Strong Returns Through Market Uncertainty
- How to Find Undervalued Stocks
- How the Fed’s Rate Cuts Could Boost Bonds, Silver, and Small Caps
- 3 REITs to Buy and Hold for the Long Term
- Invest While You Can: Pullbacks on These 3 Stocks Won’t Last Long
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS – Free Report).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.