Wilkinson Global Asset Management LLC Reduces Stock Holdings in The Walt Disney Company (NYSE:DIS)

Wilkinson Global Asset Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 524,524 shares of the entertainment giant’s stock after selling 3,442 shares during the period. Walt Disney accounts for approximately 3.3% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 12th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Walt Disney were worth $52,080,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $1,938,647,000. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at $1,490,492,000. Capital World Investors boosted 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 valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Walt Disney in the 4th quarter worth about $459,245,000. Finally, Swedbank AB bought a new position in shares of Walt Disney in the 1st quarter worth about $493,715,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, May 21st. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James reduced their price target on Walt Disney from $123.00 to $101.00 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-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $117.95.

Walt Disney Stock Performance

Shares of DIS traded down $0.71 during trading hours on Friday, hitting $87.94. The stock had a trading volume of 7,791,503 shares, compared to its average volume of 11,356,279. The firm has a market capitalization of $160.32 billion, a PE ratio of 95.59, a PEG ratio of 1.34 and a beta of 1.40. 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 12 month low of $78.73 and a 12 month high of $123.74. The stock has a fifty day moving average price of $91.98 and a 200 day moving average price of $103.22.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current year.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the purchase, the director now directly 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 link. Insiders own 0.10% of the company’s stock.

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.