Itau Unibanco Holding S.A. Lowers Stake in The Walt Disney Company (NYSE:DIS)

Itau Unibanco Holding S.A. trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 75.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,367 shares of the entertainment giant's stock after selling 28,660 shares during the period. Itau Unibanco Holding S.A.'s holdings in Walt Disney were worth $930,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. 1832 Asset Management L.P. grew its position in shares of Walt Disney by 42.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,249,105 shares of the entertainment giant's stock valued at $124,024,000 after buying an additional 373,102 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Walt Disney by 4,101.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,395 shares of the entertainment giant's stock valued at $1,727,000 after buying an additional 16,981 shares during the last quarter. ProShare Advisors LLC boosted its stake in Walt Disney by 9.0% during the 2nd quarter. ProShare Advisors LLC now owns 354,880 shares of the entertainment giant's stock worth $35,236,000 after purchasing an additional 29,433 shares during the period. Profund Advisors LLC boosted its stake in Walt Disney by 10.1% during the 2nd quarter. Profund Advisors LLC now owns 22,513 shares of the entertainment giant's stock worth $2,235,000 after purchasing an additional 2,067 shares during the period. Finally, Merriman Wealth Management LLC boosted its stake in Walt Disney by 4.2% during the 2nd quarter. Merriman Wealth Management LLC now owns 3,181 shares of the entertainment giant's stock worth $316,000 after purchasing an additional 129 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. Moffett Nathanson decreased their price target on shares of Walt Disney from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, July 2nd. Macquarie decreased their price target on shares of Walt Disney from $94.00 to $91.00 and set a "neutral" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. UBS Group decreased their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.43.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, Director Calvin Mcdonald bought 11,756 shares of the company's stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company's stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Walt Disney Price Performance

Shares of NYSE DIS traded up $0.30 during midday trading on Friday, hitting $93.75. The company had a trading volume of 19,251,537 shares, compared to its average volume of 11,276,023. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $123.74. The business has a 50-day simple moving average of $90.67 and a two-hundred day simple moving average of $101.83. The firm has a market capitalization of $170.91 billion, a price-to-earnings ratio of 101.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period last year, the firm posted $1.03 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney Company 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.