Sumitomo Life Insurance Co. Cuts Stock Holdings in The Walt Disney Company $DIS

Sumitomo Life Insurance Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,755 shares of the entertainment giant’s stock after selling 1,230 shares during the period. Sumitomo Life Insurance Co.’s holdings in Walt Disney were worth $2,450,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% in the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after acquiring an additional 1,904 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Walt Disney by 19.7% in the 1st quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock valued at $713,000 after acquiring an additional 1,188 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Walt Disney by 0.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 40,717 shares of the entertainment giant’s stock valued at $4,019,000 after acquiring an additional 129 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Walt Disney by 401.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,088 shares of the entertainment giant’s stock valued at $305,000 after acquiring an additional 2,472 shares during the period. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Walt Disney by 10.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 13,318 shares of the entertainment giant’s stock valued at $1,315,000 after acquiring an additional 1,295 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Citigroup raised their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

DIS opened at $112.70 on Friday. The company has a 50-day moving average of $114.12 and a 200-day moving average of $112.88. The company has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its earnings results 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. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.