Fidelis Capital Partners LLC Sells 3,518 Shares of The Walt Disney Company (NYSE:DIS)

Fidelis Capital Partners LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 32.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,215 shares of the entertainment giant’s stock after selling 3,518 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Walt Disney were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. lifted its position in Walt Disney by 42.6% during the second quarter. 1832 Asset Management L.P. now owns 1,249,105 shares of the entertainment giant’s stock valued at $124,024,000 after buying an additional 373,102 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Walt Disney by 4,101.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,395 shares of the entertainment giant’s stock worth $1,727,000 after buying an additional 16,981 shares during the period. ProShare Advisors LLC increased its stake in shares of Walt Disney by 9.0% in the 2nd quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant’s stock worth $35,236,000 after acquiring an additional 29,433 shares in the last quarter. Profund Advisors LLC lifted its position in Walt Disney by 10.1% during the 2nd quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant’s stock valued at $2,235,000 after acquiring an additional 2,067 shares during the period. Finally, Merriman Wealth Management LLC boosted its stake in Walt Disney by 4.2% during the second quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant’s stock worth $316,000 after acquiring an additional 129 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 0.3 %

Walt Disney stock opened at $93.75 on Monday. The stock has a market cap of $170.91 billion, a PE ratio of 101.90, a price-to-earnings-growth 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. The stock has a fifty day moving average of $90.67 and a 200 day moving average of $101.83. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly 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 firm had revenue of $23.20 billion during 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 business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Raymond James lowered their target price on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Moffett Nathanson lowered their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd. Needham & Company LLC cut their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Barclays cut their price objective 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. Three research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.43.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

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.