Ensign Peak Advisors Inc Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Ensign Peak Advisors Inc trimmed its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 22.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,664,971 shares of the entertainment giant's stock after selling 478,117 shares during the quarter. Ensign Peak Advisors Inc owned about 0.09% of Walt Disney worth $165,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Gold Investment Management Ltd. acquired a new position in Walt Disney in the 4th quarter worth about $28,000. ESL Trust Services LLC bought a new position in Walt Disney in the first quarter worth approximately $31,000. Frank Rimerman Advisors LLC bought a new position in Walt Disney in the fourth quarter worth approximately $37,000. Mascoma Wealth Management LLC lifted its holdings in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant's stock valued at $44,000 after purchasing an additional 122 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Walt Disney by 30.7% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant's stock valued at $45,000 after purchasing an additional 117 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock traded up $0.30 during trading hours on Friday, hitting $93.75. The stock had a trading volume of 19,251,537 shares, compared to its average volume of 11,276,023. The Walt Disney Company has a one year low of $78.73 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The stock's 50-day moving average price is $90.67 and its two-hundred day moving average price is $101.88. The stock has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a PEG ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last released 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares of the company's stock, valued at $1,897,943.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent analyst reports. Raymond James dropped their price target on Walt Disney from $123.00 to $101.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Moffett Nathanson decreased their target price on Walt Disney from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, July 2nd. Needham & Company LLC decreased their target price on Walt Disney from $145.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Walt Disney from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Walt Disney in a research note on Tuesday, June 25th. They set a "buy" rating and a $125.00 price objective on the stock. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $118.43.

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.