The Walt Disney Company (NYSE:DIS) Holdings Reduced by Harbour Investments Inc.

Harbour Investments Inc. lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,966 shares of the entertainment giant’s stock after selling 1,391 shares during the period. Harbour Investments Inc.’s holdings in Walt Disney were worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DIS. Norges Bank acquired a new position in Walt Disney during the 4th quarter worth $1,938,647,000. Jennison Associates LLC acquired a new stake in Walt Disney in the first quarter worth about $1,490,492,000. Capital World Investors grew its position in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares in the last quarter. ValueAct Holdings L.P. acquired a new position in Walt Disney during the 4th quarter valued at about $459,245,000. Finally, Swedbank AB bought a new stake in shares of Walt Disney during the 1st quarter worth about $493,715,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DIS shares. Needham & Company LLC decreased their price objective on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group lowered their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Walt Disney Stock Down 1.0 %

Shares of DIS traded down $0.88 during trading hours on Tuesday, reaching $90.90. The company’s stock had a trading volume of 7,233,454 shares, compared to its average volume of 11,526,900. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The firm has a market cap of $165.71 billion, a price-to-earnings ratio of 98.80, a P/E/G ratio of 1.15 and a beta of 1.40. The company has a 50 day moving average of $94.16 and a two-hundred day moving average of $104.50. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, research analysts predict 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.