Mirabaud & Cie SA Reduces Holdings in The Walt Disney Company $DIS

Mirabaud & Cie SA decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,300 shares of the entertainment giant’s stock after selling 150 shares during the quarter. Walt Disney comprises approximately 0.7% of Mirabaud & Cie SA’s holdings, making the stock its 28th biggest holding. Mirabaud & Cie SA’s holdings in Walt Disney were worth $2,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. J. Safra Sarasin Holding AG boosted its holdings in Walt Disney by 8.1% during the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after buying an additional 16,781 shares in the last quarter. Planning Directions Inc. acquired a new position in Walt Disney during the first quarter valued at approximately $326,000. WoodTrust Financial Corp boosted its holdings in shares of Walt Disney by 6.7% in the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant’s stock valued at $9,491,000 after buying an additional 6,047 shares during the period. Bank of Stockton raised its position in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant’s stock worth $897,000 after acquiring an additional 383 shares in the last quarter. Finally, Lodge Hill Capital LLC bought a new position in shares of Walt Disney in the first quarter valued at about $24,373,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.9%

Shares of NYSE:DIS opened at $116.02 on Monday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $208.60 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The stock’s 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $108.99.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the previous year, the firm earned $1.39 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Rosenblatt Securities raised their price target on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.18.

About Walt Disney

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.