The Walt Disney Company $DIS Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. trimmed its position in The Walt Disney Company (NYSE:DIS) by 7.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,083 shares of the entertainment giant’s stock after selling 800 shares during the quarter. Walt Disney comprises about 1.3% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 17th biggest holding. Alan B Lancz & Associates Inc.’s holdings in Walt Disney were worth $1,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Brighton Jones LLC boosted its holdings in shares of Walt Disney by 7.7% during the 4th 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. GAMMA Investing LLC boosted its holdings in shares of Walt Disney by 8.1% during the 1st quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock worth $2,451,000 after purchasing an additional 1,856 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $434,000. Inlight Wealth Management LLC acquired a new position in shares of Walt Disney during the 1st quarter worth approximately $107,000. Finally, Cullinan Associates Inc. boosted its holdings in shares of Walt Disney by 4.1% during the 1st quarter. Cullinan Associates Inc. now owns 76,552 shares of the entertainment giant’s stock worth $7,556,000 after purchasing an additional 3,030 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DIS. Stephens restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Up 0.7%

Shares of NYSE DIS opened at $110.69 on Monday. The firm has a market cap of $199.00 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.45 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The business’s 50 day moving average is $114.86 and its two-hundred day moving average is $110.99.

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

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.