Itau Unibanco Holding S.A. Sells 28,660 Shares of The Walt Disney Company (NYSE:DIS)

Itau Unibanco Holding S.A. lowered its stake in The Walt Disney Company (NYSE:DIS) by 75.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,367 shares of the entertainment giant’s stock after selling 28,660 shares during the period. Itau Unibanco Holding S.A.’s holdings in Walt Disney were worth $930,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DIS. Jennison Associates LLC purchased a new position in shares of Walt Disney during the first quarter valued at about $1,490,492,000. Capital World Investors grew its holdings 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 acquiring an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $459,245,000. Swedbank AB bought a new position in shares of Walt Disney in the 1st quarter worth approximately $493,715,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Walt Disney in the 1st quarter valued at approximately $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DIS. Moffett Nathanson decreased their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC dropped their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley cut their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $93.75 on Friday. 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 firm has a market cap of $170.91 billion, a price-to-earnings ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The business has a 50-day simple moving average of $90.67 and a two-hundred day simple moving average of $101.88. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last released 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 firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

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.