Deltec Asset Management LLC Sells 13,800 Shares of Walt Disney Co (NYSE:DIS)

Deltec Asset Management LLC decreased its stake in shares of Walt Disney Co (NYSE:DIS) by 82.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,008 shares of the entertainment giant’s stock after selling 13,800 shares during the period. Deltec Asset Management LLC’s holdings in Walt Disney were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Capital Management LLC bought a new stake in Walt Disney during the first quarter worth about $29,000. Carolina Wealth Advisors LLC boosted its stake in Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock worth $32,000 after acquiring an additional 114 shares in the last quarter. Marquette Asset Management LLC boosted its stake in Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after acquiring an additional 350 shares in the last quarter. Horan Securities Inc. bought a new stake in Walt Disney during the first quarter worth about $36,000. Finally, Selective Wealth Management Inc. boosted its stake in Walt Disney by 50.6% during the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after acquiring an additional 125 shares in the last quarter. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

DIS has been the topic of several research reports. Loop Capital lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Tuesday, May 19th. Guggenheim boosted their price objective on shares of Walt Disney from $115.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Goldman Sachs Group assumed coverage on shares of Walt Disney in a research note on Monday, July 13th. They issued a “buy” rating and a $137.00 target price on the stock. Wells Fargo & Co upped their target price on shares of Walt Disney from $107.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, June 19th. Finally, Imperial Capital reiterated a “sell” rating and issued a $105.00 target price on shares of Walt Disney in a research note on Monday, June 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Walt Disney has an average rating of “Hold” and an average target price of $125.35.

Shares of DIS stock opened at $116.94 on Friday. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The stock has a market cap of $208.91 billion, a P/E ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $115.68 and a two-hundred day simple moving average of $117.27.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

See Also: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.