Privium Fund Management UK Ltd Cuts Position in The Walt Disney Company (NYSE:DIS)

Privium Fund Management UK Ltd lessened its holdings in The Walt Disney Company (NYSE:DIS) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,061 shares of the entertainment giant’s stock after selling 4,520 shares during the period. Walt Disney makes up approximately 0.9% of Privium Fund Management UK Ltd’s portfolio, making the stock its 21st biggest holding. Privium Fund Management UK Ltd’s holdings in Walt Disney were worth $2,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after purchasing an additional 2,325,582 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $1,938,647,000. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the period. Jennison Associates LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $1,490,492,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.3 %

Shares of NYSE:DIS traded down $0.28 on Tuesday, reaching $90.10. 2,232,569 shares of the company traded hands, compared to its average volume of 11,404,363. The business’s 50-day simple moving average is $93.00 and its 200 day simple moving average is $103.79. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The stock has a market capitalization of $163.40 billion, a P/E ratio of 98.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 return on equity of 8.64% and a net margin of 5.30%. The firm had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. The Goldman Sachs Group started coverage on shares of Walt Disney in a report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC lowered their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Evercore ISI lowered their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley lowered their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock 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. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $117.95.

Insider Activity

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.