Sompo Asset Management Co. Ltd. Sells 4,800 Shares of The Walt Disney Company (NYSE:DIS)

Sompo Asset Management Co. Ltd. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 6.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 74,873 shares of the entertainment giant’s stock after selling 4,800 shares during the quarter. Walt Disney comprises approximately 1.3% of Sompo Asset Management Co. Ltd.’s portfolio, making the stock its 19th biggest position. Sompo Asset Management Co. Ltd.’s holdings in Walt Disney were worth $7,434,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gold Investment Management Ltd. bought a new position in Walt Disney during the fourth quarter valued at approximately $28,000. ESL Trust Services LLC bought a new position in shares of Walt Disney during the 1st quarter valued at $31,000. Frank Rimerman Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter worth $37,000. Mascoma Wealth Management LLC grew its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in Walt Disney by 30.7% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Barclays decreased their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Moffett Nathanson cut their price objective on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company decreased their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Macquarie cut their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $93.69 on Friday. The firm’s fifty day moving average is $90.67 and its two-hundred day moving average is $101.96. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a market cap of $170.80 billion, a P/E ratio of 101.84, a P/E/G ratio of 1.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate 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.