Cape ANN Savings Bank Trims Position in The Walt Disney Company $DIS

Cape ANN Savings Bank trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 16.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,274 shares of the entertainment giant’s stock after selling 1,005 shares during the period. Cape ANN Savings Bank’s holdings in Walt Disney were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after purchasing an additional 1,904 shares during the last quarter. Naples Global Advisors LLC raised its position in Walt Disney by 13.0% during the 1st quarter. Naples Global Advisors LLC now owns 19,181 shares of the entertainment giant’s stock worth $1,893,000 after buying an additional 2,204 shares during the last quarter. Fermata Advisors LLC raised its holdings in Walt Disney by 26.9% during the first quarter. Fermata Advisors LLC now owns 2,705 shares of the entertainment giant’s stock worth $267,000 after purchasing an additional 574 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Walt Disney by 14.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,617 shares of the entertainment giant’s stock worth $456,000 after purchasing an additional 584 shares in the last quarter. Finally, Retirement Planning Group LLC raised its holdings in Walt Disney by 17.7% during the first quarter. Retirement Planning Group LLC now owns 5,270 shares of the entertainment giant’s stock worth $520,000 after purchasing an additional 792 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3%

Shares of DIS stock opened at $112.49 on Friday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The stock has a market cap of $202.25 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.47 and a beta of 1.54. The business has a fifty day simple moving average of $116.12 and a 200-day simple moving average of $109.95. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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 business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter last year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DIS. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. UBS Group increased their target price on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday. Guggenheim increased their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.