Mountain Hill Investment Partners Corp. Cuts Stock Position in The Walt Disney Company $DIS

Mountain Hill Investment Partners Corp. lessened its stake in The Walt Disney Company (NYSE:DIS) by 84.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 935 shares of the entertainment giant’s stock after selling 4,950 shares during the quarter. Mountain Hill Investment Partners Corp.’s holdings in Walt Disney were worth $116,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the second quarter worth $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth $49,000. Finally, Core Alternative Capital grew its holdings in shares of Walt Disney by 71.0% during the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group boosted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price target on shares of Walt Disney in a research report on Friday, October 17th. Finally, Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. 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 company. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Trading Up 0.8%

NYSE DIS opened at $112.70 on Friday. The firm’s 50-day moving average is $114.12 and its two-hundred day moving average is $112.88. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 has a market capitalization of $202.63 billion, a P/E ratio of 17.66, a PEG ratio of 1.45 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.