GWN Securities Inc. Sells 76,450 Shares of The Walt Disney Company $DIS

GWN Securities Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS) by 94.7% in the second quarter, HoldingsChannel reports. The firm owned 4,270 shares of the entertainment giant’s stock after selling 76,450 shares during the period. GWN Securities Inc.’s holdings in Walt Disney were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 1.6% in the 1st 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 during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Walt Disney in the 2nd quarter valued at $4,220,599,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Walt Disney by 9.7% in the 1st 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 during the period. Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant’s stock valued at $1,758,968,000 after acquiring an additional 717,066 shares during the period. Finally, Amundi increased its holdings in shares of Walt Disney by 11.4% in the 1st quarter. Amundi now owns 14,882,195 shares of the entertainment giant’s stock valued at $1,468,873,000 after acquiring an additional 1,520,513 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 0.6%

Shares of DIS stock opened at $111.71 on Wednesday. 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 stock’s fifty day moving average price is $114.47 and its 200 day moving average price is $112.32. The company has a market cap of $200.85 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. 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 posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.39 EPS. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DIS shares. Evercore ISI lifted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Wall Street Zen downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Stephens restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Susquehanna 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.90.

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.