The Walt Disney Company (NYSE:DIS) Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,129,685 shares of the entertainment giant’s stock after selling 103,588 shares during the period. Walt Disney comprises about 3.0% of Newport Trust Company LLC’s portfolio, making the stock its 9th largest holding. Newport Trust Company LLC owned 0.67% of Walt Disney worth $1,204,356,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Bank of New York Mellon Corp raised its stake in Walt Disney by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Jennison Associates LLC acquired a new stake in Walt Disney during the 1st quarter valued at $1,490,492,000. Price T Rowe Associates Inc. MD raised its stake in Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after purchasing an additional 293,482 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Walt Disney by 4.4% during the 4th quarter. Fisher Asset Management LLC now owns 7,201,556 shares of the entertainment giant’s stock valued at $650,229,000 after purchasing an additional 306,676 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased 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 of the company’s stock, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Walt Disney Stock Down 0.1 %

DIS stock opened at $93.46 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a 50-day moving average of $90.73 and a two-hundred day moving average of $102.10. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The stock has a market capitalization of $170.38 billion, a price-to-earnings ratio of 101.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on DIS shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC dropped their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target 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, Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 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 company’s stock. Based on data from MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $118.43.

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.