The Walt Disney Company $DIS Stock Holdings Decreased by Westmount Partners LLC

Westmount Partners LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,959 shares of the entertainment giant’s stock after selling 1,605 shares during the period. Westmount Partners LLC’s holdings in Walt Disney were worth $2,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Czech National Bank lifted its stake in Walt Disney by 5.8% in the second quarter. Czech National Bank now owns 439,397 shares of the entertainment giant’s stock valued at $54,490,000 after acquiring an additional 24,176 shares during the last quarter. Strategic Advocates LLC acquired a new position in Walt Disney during the 2nd quarter valued at $214,000. FF Advisors LLC acquired a new position in Walt Disney during the 2nd quarter valued at $236,000. Everpar Advisors LLC increased its holdings in Walt Disney by 3.2% in the 2nd quarter. Everpar Advisors LLC now owns 5,160 shares of the entertainment giant’s stock valued at $640,000 after buying an additional 161 shares during the period. Finally, Northstar Advisory Group LLC increased its holdings in Walt Disney by 428.8% in the 2nd quarter. Northstar Advisory Group LLC now owns 29,736 shares of the entertainment giant’s stock valued at $3,688,000 after buying an additional 24,113 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Performance

Shares of DIS stock opened at $115.66 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm has a 50 day moving average of $118.19 and a 200-day moving average of $109.01. The company has a market cap of $207.95 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period in the prior year, the firm earned $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.