The Walt Disney Company $DIS Stock Position Decreased by Addenda Capital Inc.

Addenda Capital Inc. trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,560 shares of the entertainment giant’s stock after selling 401 shares during the period. Addenda Capital Inc.’s holdings in Walt Disney were worth $8,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Argus Investors Counsel Inc. grew its position in Walt Disney by 2.6% during the 2nd quarter. Argus Investors Counsel Inc. now owns 5,885 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 150 shares in the last quarter. Patton Albertson Miller Group LLC lifted its stake in Walt Disney by 11.8% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 37,964 shares of the entertainment giant’s stock worth $4,708,000 after acquiring an additional 4,010 shares in the last quarter. Tritonpoint Wealth LLC boosted its position in Walt Disney by 0.8% during the 2nd quarter. Tritonpoint Wealth LLC now owns 15,698 shares of the entertainment giant’s stock worth $1,955,000 after acquiring an additional 130 shares during the period. Sonora Investment Management Group LLC grew its stake in Walt Disney by 0.4% during the 2nd quarter. Sonora Investment Management Group LLC now owns 90,467 shares of the entertainment giant’s stock valued at $11,219,000 after acquiring an additional 356 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Walt Disney by 37.0% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 868,154 shares of the entertainment giant’s stock worth $107,660,000 after purchasing an additional 234,664 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities raised their price objective on Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Guggenheim upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Wall Street Zen lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Price Performance

Walt Disney stock opened at $113.46 on Friday. The company has a market capitalization of $203.99 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The business has a 50 day simple moving average of $116.96 and a 200 day simple moving average of $109.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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

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.