Oppenheimer Asset Management Inc. Decreases Position in The Walt Disney Company $DIS

Oppenheimer Asset Management Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 6.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 271,345 shares of the entertainment giant’s stock after selling 17,900 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Walt Disney were worth $33,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG lifted its stake in Walt Disney by 8.1% in the first quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock valued at $21,983,000 after buying an additional 16,781 shares during the last quarter. Planning Directions Inc. purchased a new stake in Walt Disney in the first quarter valued at approximately $326,000. Kingstone Capital Partners Texas LLC purchased a new stake in Walt Disney in the second quarter valued at approximately $4,220,599,000. Wedge Capital Management L L P NC lifted its stake in Walt Disney by 8,744.0% in the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock valued at $39,724,000 after buying an additional 316,707 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Walt Disney in the first quarter valued at approximately $24,373,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DIS. Evercore ISI upped their price target on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Barclays upped their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup upped their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 1.2%

Shares of Walt Disney stock opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $200.72 billion, a P/E ratio of 17.50, a PEG ratio of 1.46 and a beta of 1.54. The business’s fifty day moving average price is $114.64 and its two-hundred day moving average price is $111.84. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts forecast 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.