The Walt Disney Company (NYSE:DIS) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 22.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,324 shares of the entertainment giant’s stock after selling 960 shares during the period. Kathmere Capital Management LLC’s holdings in Walt Disney were worth $330,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DIS. Jennison Associates LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $1,490,492,000. Capital World Investors boosted its stake in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. acquired a new stake in shares of Walt Disney during the 4th quarter worth about $459,245,000. Swedbank AB acquired a new stake in shares of Walt Disney during the 1st quarter worth about $493,715,000. Finally, Farallon Capital Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $355,673,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. 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 report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Walt Disney in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Stock Up 0.9 %

DIS stock opened at $96.01 on Friday. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. 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 company has a market capitalization of $175.03 billion, a P/E ratio of 104.36, a PEG ratio of 1.53 and a beta of 1.40. The firm has a 50 day simple moving average of $90.40 and a 200-day simple moving average of $101.30.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.08 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction 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 acquisition, 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 at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.