Holderness Investments Co. Has $448,000 Holdings in The Walt Disney Company (NYSE:DIS)

Holderness Investments Co. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 20.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,511 shares of the entertainment giant’s stock after selling 1,132 shares during the period. Holderness Investments Co.’s holdings in Walt Disney were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock valued at $18,815,185,000 after acquiring an additional 2,325,582 shares during the period. Bank of New York Mellon Corp lifted its position in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Jennison Associates LLC acquired a new stake in Walt Disney during the first quarter worth about $1,490,492,000. Price T Rowe Associates Inc. MD increased its holdings in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock valued at $1,473,252,000 after buying an additional 293,482 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Walt Disney by 4.4% in the 4th quarter. Fisher Asset Management LLC now owns 7,201,556 shares of the entertainment giant’s stock valued at $650,229,000 after buying an additional 306,676 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $93.75 on Friday. The stock has a market capitalization of $170.91 billion, a PE ratio of 101.90, a PEG ratio of 1.31 and a beta of 1.40. The business’s 50 day simple moving average is $90.67 and its 200 day simple moving average is $101.88. 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 one year low of $78.73 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company 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 firm posted $1.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Macquarie lowered their price target on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley lowered their target price on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.43.

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.