Fiduciary Family Office LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Fiduciary Family Office LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 18.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,982 shares of the entertainment giant’s stock after selling 1,375 shares during the quarter. Fiduciary Family Office LLC’s holdings in Walt Disney were worth $594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its stake in Walt Disney by 84.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after acquiring an additional 916,772 shares in the last quarter. Jennison Associates LLC purchased a new position in Walt Disney during the first quarter valued at approximately $1,490,492,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock valued at $68,113,000 after acquiring an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. grew its stake in Walt Disney by 41.3% in the 1st quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after buying an additional 51,400 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Walt Disney by 555.9% in the 1st quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock worth $117,599,000 after buying an additional 810,923 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $0.45 during trading on Tuesday, reaching $89.93. 331,058 shares of the company traded hands, compared to its average volume of 11,393,111. The firm has a 50 day simple moving average of $93.00 and a 200-day simple moving average of $103.79. 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 market capitalization of $163.10 billion, a PE ratio of 98.24, a P/E/G ratio of 1.34 and a beta of 1.40. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. The Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target for the company. Macquarie cut their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Moffett Nathanson lowered their price target on shares of Walt Disney from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Finally, Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

Insider Activity

In related news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney 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.