Birmingham Capital Management Co. Inc. AL Decreases Stake in The Walt Disney Company (NYSE:DIS)

Birmingham Capital Management Co. Inc. AL reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,346 shares of the entertainment giant’s stock after selling 310 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Walt Disney were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in shares of Walt Disney in the first quarter worth approximately $1,490,492,000. Capital World Investors boosted its holdings in Walt Disney by 3,332.4% in the first 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. bought a new stake in Walt Disney in the 4th quarter worth approximately $459,245,000. Swedbank AB purchased a new stake in Walt Disney during the 1st quarter valued at $493,715,000. Finally, Farallon Capital Management LLC bought a new position in shares of Walt Disney during the 2nd quarter valued at $355,673,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DIS. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday. Bank of America cut their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie lowered their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, September 19th. Moffett Nathanson cut their target price 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. Finally, Barclays reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.43.

Walt Disney Trading Down 2.2 %

DIS stock opened at $94.05 on Wednesday. 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 Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The business has a 50 day simple moving average of $90.50 and a two-hundred day simple moving average of $100.98. The company has a market capitalization of $171.46 billion, a price-to-earnings ratio of 102.23, a PEG ratio of 1.53 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its 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. 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%. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Research 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.