The Walt Disney Company $DIS Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lowered its position in The Walt Disney Company (NYSE:DIS) by 7.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,448 shares of the entertainment giant’s stock after selling 421 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Walt Disney were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Walt Disney in the second quarter valued at approximately $4,220,599,000. Nuveen LLC bought a new position in shares of Walt Disney in the first quarter valued at approximately $1,353,607,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Walt Disney by 1,080.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Walt Disney by 1.6% in the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock valued at $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Walt Disney by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 18,509,924 shares of the entertainment giant’s stock valued at $1,826,930,000 after acquiring an additional 1,642,907 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 1.2%

Walt Disney stock opened at $114.78 on Tuesday. The company has a 50 day moving average price of $116.83 and a 200 day moving average price of $109.72. 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 firm has a market capitalization of $206.37 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.64 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

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.