King Luther Capital Management Corp Reduces Holdings in The Walt Disney Company (NYSE:DIS)
King Luther Capital Management Corp reduced its holdings in The Walt Disney Company (NYSE:DIS) by 9.9% in Q1, now owning 335,855 shares after selling 36,940 shares. The value of their holdings is approximately $33.15 million. Other institutional investors have also adjusted their stakes in Disney. The company's stock opened at $112.40, with a market cap of $202.07 billion and a P/E ratio of 17.62. Analysts have given Disney a "Moderate Buy" rating, with an average price target of $131.14.
King Luther Capital Management Corp reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 335,855 shares of the entertainment giant's stock after selling 36,940 shares during the period. King Luther Capital Management Corp's holdings in Walt Disney were worth $33,149,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the 1st quarter worth approximately $26,000. Kessler Investment Group LLC grew its stake in Walt Disney by 274.0% in the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the period. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Price Performance
DIS opened at $112.40 on Friday. The company has a 50-day moving average of $119.16 and a 200-day moving average of $108.00. The company has a market capitalization of $202.07 billion, a P/E ratio of 17.62, a PEG ratio of 1.62 and a beta of 1.56. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 0.72.
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Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Insider Buying and Selling at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company's stock.
Analyst Upgrades and Downgrades
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A number of brokerages have weighed in on DIS. Evercore ISI lifted their price target on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Citigroup lifted their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.14.
View Our Latest Research Report on DIS
Walt Disney Company Profile
(Free Report)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.
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