L. Roy Papp & Associates LLP Sells 423 Shares of The Walt Disney Company $DIS

L. Roy Papp & Associates LLP trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,649 shares of the entertainment giant’s stock after selling 423 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Walt Disney were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. Brighton Jones LLC raised its stake in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. GAMMA Investing LLC raised its stake in Walt Disney by 8.1% during the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after buying an additional 1,856 shares during the last quarter. Integrated Advisors Network LLC raised its stake in Walt Disney by 0.7% during the first quarter. Integrated Advisors Network LLC now owns 21,228 shares of the entertainment giant’s stock worth $2,095,000 after buying an additional 139 shares during the last quarter. Zhang Financial LLC raised its stake in Walt Disney by 9.8% during the first quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock worth $218,000 after buying an additional 197 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in Walt Disney by 25.8% during the first quarter. Simon Quick Advisors LLC now owns 13,552 shares of the entertainment giant’s stock worth $1,338,000 after buying an additional 2,780 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIS. Citigroup increased their target price on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. UBS Group increased their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Barclays increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Guggenheim increased their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Performance

DIS opened at $110.91 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $115.51 and its two-hundred day moving average price is $110.29. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market cap of $199.41 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.47 and a beta of 1.54.

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

Walt Disney Company 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.