Oppenheimer Asset Management Inc. Has $33.65 Million Position in The Walt Disney Company $DIS

Oppenheimer Asset Management Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,345 shares of the entertainment giant’s stock after selling 17,900 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Walt Disney were worth $33,649,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIS. J. Safra Sarasin Holding AG grew its position in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after purchasing an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new position in Walt Disney in the 1st quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney in the second quarter worth $4,220,599,000. Wedge Capital Management L L P NC grew its holdings in shares of 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 valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $24,373,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of a number of research analyst reports. Stephens reiterated 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. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Down 1.2%

Shares of DIS opened at $111.64 on Friday. The firm has a market capitalization of $200.72 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. 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 firm has a fifty day moving average price of $114.64 and a 200-day moving average price of $111.84.

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