Koshinski Asset Management Inc. Cuts Stock Position in Walt Disney Co (NYSE:DIS)

Koshinski Asset Management Inc. lessened its holdings in Walt Disney Co (NYSE:DIS) by 4.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,739 shares of the entertainment giant’s stock after selling 858 shares during the period. Koshinski Asset Management Inc.’s holdings in Walt Disney were worth $2,313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. State Street Corp lifted its stake in Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after purchasing an additional 565,404 shares during the last quarter. Morgan Stanley increased its position in shares of Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after acquiring an additional 3,939,992 shares during the period. Nuveen Asset Management LLC increased its holdings in Walt Disney by 2.4% during the first quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock valued at $1,598,989,000 after buying an additional 386,175 shares during the period. Legal & General Group Plc increased its holdings in Walt Disney by 2.0% during the first quarter. Legal & General Group Plc now owns 11,104,111 shares of the entertainment giant’s stock valued at $1,075,326,000 after buying an additional 221,849 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Walt Disney by 4.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,093,418 shares of the entertainment giant’s stock valued at $902,497,000 after buying an additional 324,731 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.

Several brokerages recently issued reports on DIS. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a report on Friday, June 26th. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price objective on the stock. in a report on Wednesday, June 17th. Wells Fargo & Co lifted their price target on shares of Walt Disney from $107.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, June 19th. Deutsche Bank cut their price target on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Finally, Royal Bank of Canada cut their price target on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Two 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 a consensus rating of “Hold” and an average target price of $125.35.

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

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

About Walt Disney

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.

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

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