Levin Capital Strategies L.P. Has $3.88 Million Position in The Walt Disney Company (NYSE:DIS)

Levin Capital Strategies L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,085 shares of the entertainment giant’s stock after selling 11,117 shares during the period. Levin Capital Strategies L.P.’s holdings in Walt Disney were worth $3,881,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ESL Trust Services LLC bought a new stake in Walt Disney during the first quarter worth $31,000. Gold Investment Management Ltd. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $28,000. Partnership Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $33,000. Red Tortoise LLC grew its holdings in Walt Disney by 141.4% during the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 215 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth approximately $37,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.5 %

Shares of NYSE DIS opened at $88.34 on Tuesday. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market cap of $160.21 billion, a PE ratio of 96.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company has a 50 day simple moving average of $91.79 and a 200 day simple moving average of $103.05.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. Walt Disney’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, with a total value of $999,965.36. Following the transaction, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DIS shares. Loop Capital reduced their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Needham & Company LLC cut their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, 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 research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.95.

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.