River Global Investors LLP Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

River Global Investors LLP reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,192 shares of the entertainment giant’s stock after selling 11,614 shares during the period. Walt Disney accounts for about 1.7% of River Global Investors LLP’s portfolio, making the stock its 13th largest holding. River Global Investors LLP’s holdings in Walt Disney were worth $7,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Quent Capital LLC lifted its holdings in Walt Disney by 4.4% in the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock valued at $950,000 after acquiring an additional 327 shares during the last quarter. Sei Investments Co. lifted its holdings in Walt Disney by 25.0% in the first quarter. Sei Investments Co. now owns 595,506 shares of the entertainment giant’s stock valued at $72,865,000 after acquiring an additional 119,207 shares during the last quarter. Choate Investment Advisors lifted its holdings in Walt Disney by 11.3% in the first quarter. Choate Investment Advisors now owns 74,130 shares of the entertainment giant’s stock valued at $9,071,000 after acquiring an additional 7,511 shares during the last quarter. NorthRock Partners LLC lifted its holdings in Walt Disney by 4.3% in the first quarter. NorthRock Partners LLC now owns 17,314 shares of the entertainment giant’s stock valued at $2,118,000 after acquiring an additional 708 shares during the last quarter. Finally, Pointe Capital Management LLC acquired a new position in Walt Disney in the first quarter valued at approximately $282,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS traded up $0.09 during trading hours on Friday, hitting $99.02. The company had a trading volume of 7,982,113 shares, compared to its average volume of 7,450,800. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a market cap of $179.58 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The business has a 50 day moving average of $93.90 and a 200-day moving average of $97.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last announced 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. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays decreased their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley decreased their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. UBS Group decreased their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

About Walt Disney

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.