Coronation Fund Managers Ltd. Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Coronation Fund Managers Ltd. decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 28.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,238 shares of the entertainment giant’s stock after selling 44,717 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Walt Disney were worth $11,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the 1st quarter valued at about $31,000. William B. Walkup & Associates Inc. acquired a new position in Walt Disney in the 2nd quarter valued at about $32,000. Red Tortoise LLC grew its stake in shares of Walt Disney by 141.4% in the 1st quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock valued at $45,000 after buying an additional 215 shares during the period. Frank Rimerman Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $37,000. Finally, O Brien Wealth Partners LLC acquired a new stake in Walt Disney in the 1st quarter valued at approximately $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 2.2 %

Shares of Walt Disney stock opened at $94.05 on Wednesday. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a market cap of $171.46 billion, a P/E ratio of 102.23, a PEG ratio of 1.53 and a beta of 1.40. 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 fifty day moving average of $90.50 and a two-hundred day moving average of $100.98.

Walt Disney (NYSE:DIS) last posted its earnings results 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 the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DIS shares. Loop Capital dropped their price objective 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. Macquarie dropped their target price on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research report on Tuesday. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.43.

Insider Buying and Selling

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a legal filing with the SEC, which is available at 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.