The Walt Disney Company (NYSE:DIS) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,564,402 shares of the entertainment giant’s stock after selling 237,142 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.09% of Walt Disney worth $155,330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in shares of Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. purchased a new position in Walt Disney during the fourth quarter worth about $28,000. Partnership Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter worth about $33,000. Red Tortoise LLC grew its holdings in 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. Finally, PFG Private Wealth Management LLC grew its holdings in Walt Disney by 32.1% in the 1st quarter. PFG Private Wealth Management LLC now owns 412 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. Needham & Company LLC decreased their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital cut their target price 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. Finally, UBS Group reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Stock Up 0.6 %

DIS traded up $0.57 during trading hours on Friday, reaching $90.38. 8,401,126 shares of the stock traded hands, compared to its average volume of 11,458,939. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $164.77 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 1.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The firm’s fifty day simple moving average is $93.47 and its two-hundred day simple moving average is $104.17.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. As a group, analysts forecast that The Walt Disney Company will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

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.