The Walt Disney Company (NYSE:DIS) Stock Holdings Decreased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,040,117 shares of the entertainment giant’s stock after selling 12,954 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.22% of Walt Disney worth $401,143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC acquired a new stake in Walt Disney during the 4th quarter worth about $603,000. CreativeOne Wealth LLC grew its position in Walt Disney by 20.1% during the fourth quarter. CreativeOne Wealth LLC now owns 8,128 shares of the entertainment giant’s stock valued at $734,000 after purchasing an additional 1,358 shares in the last quarter. Assetmark Inc. increased its stake in Walt Disney by 100.0% in the 4th quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock valued at $2,736,000 after buying an additional 15,146 shares during the period. Certified Advisory Corp acquired a new position in Walt Disney in the 4th quarter valued at approximately $1,143,000. Finally, JPL Wealth Management LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $1,128,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE DIS opened at $93.59 on Thursday. The stock has a market capitalization of $170.62 billion, a PE ratio of 101.73, a P/E/G ratio of 1.31 and a beta of 1.40. The stock has a 50-day simple moving average of $90.80 and a 200 day simple moving average of $102.16. 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 Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating 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 company had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the prior year, the business earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several research analyst reports. Macquarie lowered their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group started coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 target price on the stock. Loop Capital cut their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI cut their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Company 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.