Waterloo Capital L.P. Sells 1,974 Shares of The Walt Disney Company (NYSE:DIS)

Waterloo Capital L.P. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 24.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,969 shares of the entertainment giant’s stock after selling 1,974 shares during the period. Waterloo Capital L.P.’s holdings in Walt Disney were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Walt Disney by 5.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,002 shares of the entertainment giant’s stock valued at $12,707,000 after acquiring an additional 7,718 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Walt Disney by 6.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 67,092 shares of the entertainment giant’s stock valued at $6,662,000 after acquiring an additional 4,349 shares in the last quarter. Argent Trust Co raised its stake in shares of Walt Disney by 1.1% in the 2nd quarter. Argent Trust Co now owns 65,523 shares of the entertainment giant’s stock valued at $6,506,000 after acquiring an additional 712 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in shares of Walt Disney by 11.1% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 79,086 shares of the entertainment giant’s stock valued at $7,852,000 after acquiring an additional 7,877 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Walt Disney by 1.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 356,820 shares of the entertainment giant’s stock worth $35,429,000 after buying an additional 4,256 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $93.59 on Thursday. The business’s fifty day moving average price is $90.80 and its two-hundred day moving average price is $102.16. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The stock has a market capitalization of $170.62 billion, a price-to-earnings ratio of 101.73, 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 current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business 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 predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James dropped their price target on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley dropped their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group dropped their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group assumed coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Macquarie dropped their price target on Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Transactions at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.