Diversified Trust Co Reduces Stake in The Walt Disney Company (NYSE:DIS)

Diversified Trust Co lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 37.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,901 shares of the entertainment giant’s stock after selling 10,577 shares during the period. Diversified Trust Co’s holdings in Walt Disney were worth $1,777,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DIS. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Stone House Investment Management LLC raised its stake in Walt Disney by 355.3% in the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after buying an additional 270 shares in the last quarter. ESL Trust Services LLC acquired a new position in shares of Walt Disney during the first quarter worth $31,000. Partnership Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $33,000. Finally, Evolution Advisers Inc. increased its position in shares of Walt Disney by 38.2% during the fourth quarter. Evolution Advisers Inc. now owns 380 shares of the entertainment giant’s stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DIS shares. Evercore ISI reduced their price target on Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Macquarie lowered their price target on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Raymond James lowered their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America lowered their price target on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.21.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares in the company, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 0.4 %

Walt Disney stock traded up $0.32 during trading on Wednesday, hitting $85.92. The company had a trading volume of 1,701,790 shares, compared to its average volume of 11,634,682. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.38. The company’s 50 day simple moving average is $96.21 and its 200-day simple moving average is $105.08. The stock has a market cap of $156.64 billion, a price-to-earnings ratio of 93.04, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, analysts expect that The Walt Disney Company will post 4.77 EPS for the current fiscal 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.