The Walt Disney Company (NYSE:DIS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 18.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,970,806 shares of the entertainment giant’s stock after selling 2,035,341 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Walt Disney were worth $890,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new position in Walt Disney in the 1st quarter valued at $31,000. Gold Investment Management Ltd. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Red Tortoise LLC lifted its stake in shares of Walt Disney by 141.4% in the first quarter. Red Tortoise LLC now owns 367 shares of the entertainment giant’s stock worth $45,000 after buying an additional 215 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $37,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Walt Disney during the 1st quarter valued at about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald acquired 11,756 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $85.06 per share, with a total value of $999,965.36. Following the completion of the transaction, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Walt Disney Trading Up 1.4 %

Shares of DIS stock opened at $90.55 on Monday. The stock has a market capitalization of $164.22 billion, a P/E ratio of 98.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a 50 day moving average price of $91.06 and a 200 day moving average price of $102.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities research analysts predict that The Walt Disney Company will post 4.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. Redburn Atlantic upgraded Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Tuesday, May 21st. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Macquarie cut their price objective on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Bank of America decreased their target price on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $117.95.

Walt Disney 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.