Brighton Jones LLC Sells 199 Shares of The Walt Disney Company $DIS

Brighton Jones LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,265 shares of the entertainment giant’s stock after selling 199 shares during the quarter. Brighton Jones LLC’s holdings in Walt Disney were worth $3,505,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. J. Safra Sarasin Holding AG lifted its holdings in Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the period. Planning Directions Inc. bought a new stake in Walt Disney during the first quarter worth $326,000. Kingstone Capital Partners Texas LLC bought a new stake in Walt Disney during the second quarter worth $4,220,599,000. Wedge Capital Management L L P NC lifted its holdings in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after acquiring an additional 316,707 shares during the period. Finally, Lodge Hill Capital LLC bought a new stake in Walt Disney during the first quarter worth $24,373,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The firm has a market cap of $200.72 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.46 and a beta of 1.54. The business’s fifty day moving average is $114.64 and its 200 day moving average is $111.84.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating 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 previous year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Susquehanna restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Walt Disney in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $132.90.

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.