Ameritas Investment Partners Inc. Sells 657 Shares of The Walt Disney Company (NYSE:DIS)

Ameritas Investment Partners Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,584 shares of the entertainment giant’s stock after selling 657 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Walt Disney were worth $2,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Walt Disney by 84.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock worth $244,754,000 after acquiring an additional 916,772 shares during the period. Jennison Associates LLC acquired a new stake in Walt Disney during the first quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after purchasing an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. grew its stake in shares of Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock valued at $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE:DIS opened at $93.75 on Friday. The stock has a market capitalization of $170.91 billion, a P/E ratio of 101.90, a P/E/G ratio of 1.31 and a beta of 1.40. 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 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 moving average price of $90.67 and a two-hundred day moving average price of $101.88.

Walt Disney (NYSE:DIS) last announced 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 net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the business posted $1.03 earnings per share. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Loop Capital lowered their target price on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Morgan Stanley dropped their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI reduced their price target 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. Finally, The Goldman Sachs Group started coverage on shares of Walt Disney in a report on Tuesday, June 25th. They set a “buy” rating and a $125.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.43.

Insider Transactions at Walt Disney

In related news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired 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 approximately $1,897,943.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.