The Walt Disney Company (NYSE:DIS) Stock Holdings Lessened by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,968 shares of the entertainment giant’s stock after selling 11,090 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Walt Disney were worth $24,919,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mcdonald Partners LLC boosted its position in shares of Walt Disney by 0.5% in the 1st quarter. Mcdonald Partners LLC now owns 17,975 shares of the entertainment giant’s stock valued at $2,199,000 after purchasing an additional 88 shares during the period. McKinley Carter Wealth Services Inc. lifted its stake in Walt Disney by 1.5% during the first quarter. McKinley Carter Wealth Services Inc. now owns 5,894 shares of the entertainment giant’s stock valued at $721,000 after buying an additional 89 shares in the last quarter. Sendero Wealth Management LLC boosted its holdings in shares of Walt Disney by 2.0% in the first quarter. Sendero Wealth Management LLC now owns 4,649 shares of the entertainment giant’s stock worth $569,000 after buying an additional 89 shares during the period. Pflug Koory LLC increased its position in shares of Walt Disney by 1.0% in the first quarter. Pflug Koory LLC now owns 8,993 shares of the entertainment giant’s stock worth $1,100,000 after acquiring an additional 91 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its holdings in shares of Walt Disney by 3.5% during the first quarter. Regent Peak Wealth Advisors LLC now owns 2,801 shares of the entertainment giant’s stock valued at $343,000 after acquiring an additional 94 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 1.4 %

Shares of Walt Disney stock opened at $90.55 on Friday. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average price of $91.06 and a two-hundred day moving average price of $102.55. The stock has a market capitalization of $164.22 billion, a P/E ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same period in the previous year, the company earned $1.03 earnings per share. Walt Disney’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Loop Capital decreased their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James lowered their target price on Walt Disney from $123.00 to $101.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald acquired 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

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.