The Walt Disney Company $DIS Shares Sold by Saxony Capital Management LLC

Saxony Capital Management LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,107 shares of the entertainment giant’s stock after selling 300 shares during the quarter. Saxony Capital Management LLC’s holdings in Walt Disney were worth $261,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in 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 period. Golden State Wealth Management LLC raised its stake in Walt Disney by 19.7% during the first quarter. Golden State Wealth Management LLC now owns 7,220 shares of the entertainment giant’s stock worth $713,000 after purchasing an additional 1,188 shares during the period. Private Trust Co. NA raised its stake in Walt Disney by 4.4% during the first quarter. Private Trust Co. NA now owns 13,319 shares of the entertainment giant’s stock worth $1,315,000 after purchasing an additional 567 shares during the period. First Horizon Advisors Inc. raised its stake in Walt Disney by 4.8% during the first quarter. First Horizon Advisors Inc. now owns 20,367 shares of the entertainment giant’s stock worth $2,010,000 after purchasing an additional 940 shares during the period. Finally, Goelzer Investment Management Inc. raised its stake in Walt Disney by 3.6% during the first quarter. Goelzer Investment Management Inc. now owns 31,527 shares of the entertainment giant’s stock worth $3,112,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Tuesday, September 23rd. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Barclays raised their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Performance

Walt Disney stock opened at $112.70 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market capitalization of $202.63 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. 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 firm’s fifty day moving average price is $114.12 and its 200 day moving average price is $112.68.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.