ProShare Advisors LLC Sells 14,187 Shares of The Walt Disney Company (NYSE:DIS)

ProShare Advisors LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,498 shares of the entertainment giant’s stock after selling 14,187 shares during the quarter. ProShare Advisors LLC’s holdings in Walt Disney were worth $37,899,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Profund Advisors LLC boosted its position in shares of Walt Disney by 15.4% during the 2nd quarter. Profund Advisors LLC now owns 19,698 shares of the entertainment giant’s stock valued at $1,759,000 after acquiring an additional 2,631 shares during the last quarter. Trust Investment Advisors boosted its position in shares of Walt Disney by 5.7% during the 2nd quarter. Trust Investment Advisors now owns 13,062 shares of the entertainment giant’s stock valued at $1,166,000 after acquiring an additional 707 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in shares of Walt Disney by 4.4% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,804 shares of the entertainment giant’s stock valued at $429,000 after acquiring an additional 201 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Walt Disney by 0.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 395,950 shares of the entertainment giant’s stock worth $35,350,000 after buying an additional 2,686 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in Walt Disney by 1.8% in the 2nd quarter. Gabelli Funds LLC now owns 456,185 shares of the entertainment giant’s stock worth $40,728,000 after buying an additional 7,950 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.

Walt Disney Trading Up 0.9 %

NYSE DIS opened at $95.03 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $118.18. The firm has a market capitalization of $173.88 billion, a PE ratio of 74.24, a P/E/G ratio of 1.65 and a beta of 1.30. The stock’s 50 day moving average is $84.20 and its 200 day moving average is $87.10.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.15. Walt Disney had a return on equity of 7.31% and a net margin of 2.65%. The company had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.37 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 4.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DIS shares. Sanford C. Bernstein started coverage on Walt Disney in a research report on Thursday, October 5th. They issued an “outperform” rating and a $103.00 target price for the company. Credit Suisse Group dropped their target price on Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Truist Financial restated a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a research report on Tuesday, September 19th. Rosenblatt Securities dropped their target price on Walt Disney from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday, September 20th. Finally, Evercore ISI dropped their target price on Walt Disney from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.30.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.