The Walt Disney Company $DIS Shares Sold by Baron Wealth Management LLC

by · The Cerbat Gem

Baron Wealth Management LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 9.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,218 shares of the entertainment giant’s stock after selling 350 shares during the quarter. Baron Wealth Management LLC’s holdings in Walt Disney were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. J. Safra Sarasin Holding AG lifted its stake in shares of Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares during the period. Planning Directions Inc. acquired a new position in Walt Disney during the first quarter valued at $326,000. WoodTrust Financial Corp lifted its position in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton lifted its position in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock valued at $897,000 after purchasing an additional 383 shares during the period. Finally, Lodge Hill Capital LLC acquired a new position in Walt Disney during the first quarter valued at $24,373,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Walt Disney stock opened at $115.30 on Wednesday. The firm has a 50 day simple moving average of $118.06 and a 200-day simple moving average of $109.05. 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 current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $207.30 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.67 and a beta of 1.55.

Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DIS. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI boosted their target price on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Read Our Latest Stock Analysis on DIS

Walt Disney Profile

(Free Report)

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.

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