TIAA Trust National Association Cuts Stock Holdings in The Walt Disney Company $DIS

TIAA Trust National Association lessened its holdings in The Walt Disney Company (NYSE:DIS) by 9.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 76,383 shares of the entertainment giant’s stock after selling 8,276 shares during the period. TIAA Trust National Association’s holdings in Walt Disney were worth $9,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kondo Wealth Advisors Inc. boosted its position in Walt Disney by 1.2% during the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock valued at $904,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Advisory LLC raised its position in shares of Walt Disney by 1.5% in the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after acquiring an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares during the last quarter. Childress Capital Advisors LLC boosted its position in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after purchasing an additional 87 shares in the last quarter. Finally, Apollon Financial LLC grew its stake in Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after purchasing an additional 87 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 0.8%

NYSE:DIS opened at $112.70 on Monday. 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 company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The firm has a fifty day simple moving average of $114.12 and a 200-day simple moving average of $113.09.

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

Wall Street Analyst Weigh In

Several research firms have commented on DIS. 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. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup raised their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.