Lockheed Martin Investment Management Co. Lowers Holdings in The Walt Disney Company $DIS

Lockheed Martin Investment Management Co. trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 27,980 shares of the entertainment giant’s stock after selling 1,960 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Walt Disney were worth $3,470,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the second quarter worth $37,000. RMG Wealth Management LLC purchased a new position in shares of Walt Disney during the second quarter worth $49,000. Finally, Core Alternative Capital boosted its position in shares of Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after buying an additional 225 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on DIS shares. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. raised their price target 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 investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $111.78 on Friday. The firm’s fifty day simple moving average is $114.24 and its 200-day simple moving average is $112.49. The stock has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.45 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 debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. As a group, equities analysts forecast 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.