Intellectus Partners LLC Has $1.20 Million Holdings in The Walt Disney Company (NYSE:DIS)

Intellectus Partners LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 23.1% during the second quarter, Holdings Channel.com reports. The fund owned 6,818 shares of the entertainment giant’s stock after selling 2,046 shares during the quarter. Intellectus Partners LLC’s holdings in The Walt Disney were worth $1,198,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cherry Creek Investment Advisors Inc. bought a new stake in shares of The Walt Disney during the 2nd quarter valued at $2,516,000. Permanens Capital L.P. grew its stake in The Walt Disney by 16.0% during the second quarter. Permanens Capital L.P. now owns 43,860 shares of the entertainment giant’s stock worth $7,709,000 after buying an additional 6,054 shares in the last quarter. Parisi Gray Wealth Management grew its stake in The Walt Disney by 25.7% during the second quarter. Parisi Gray Wealth Management now owns 8,274 shares of the entertainment giant’s stock worth $1,454,000 after buying an additional 1,692 shares in the last quarter. Toroso Investments LLC increased its holdings in The Walt Disney by 117.6% in the 2nd quarter. Toroso Investments LLC now owns 28,219 shares of the entertainment giant’s stock valued at $4,960,000 after buying an additional 15,248 shares during the period. Finally, Gryphon Financial Partners LLC raised its position in shares of The Walt Disney by 9.0% in the 2nd quarter. Gryphon Financial Partners LLC now owns 3,352 shares of the entertainment giant’s stock valued at $504,000 after buying an additional 277 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

DIS has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of The Walt Disney from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, August 13th. Royal Bank of Canada upped their price objective on The Walt Disney from $202.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Evercore ISI reiterated a “buy” rating and issued a $210.00 target price on shares of The Walt Disney in a research report on Wednesday, September 22nd. Barclays increased their target price on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Finally, The Goldman Sachs Group lifted their price target on shares of The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 13th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $209.08.

The Walt Disney stock traded up $2.06 during mid-day trading on Thursday, hitting $175.02. 104,301 shares of the stock were exchanged, compared to its average volume of 9,481,632. The stock has a market capitalization of $318.03 billion, a price-to-earnings ratio of 283.54, a PEG ratio of 3.50 and a beta of 1.19. The Walt Disney Company has a 12 month low of $117.23 and a 12 month high of $203.02. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $178.12 and its two-hundred day simple moving average is $178.97.

The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. The business had revenue of $17.02 billion during the quarter, compared to the consensus estimate of $16.82 billion. The Walt Disney had a net margin of 1.77% and a return on equity of 3.78%. During the same quarter last year, the firm earned $0.08 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 2.45 earnings per share for the current fiscal year.

In related news, CEO Robert A. Chapek sold 10,587 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction dated Friday, August 13th. The stock was sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the completion of the sale, the executive vice president now owns 42,620 shares in the company, valued at approximately $7,951,613.40. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

Further Reading: Death Cross

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

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