The Walt Disney Company (NYSE:DIS) Shares Sold by River Global Investors LLP

River Global Investors LLP reduced its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,192 shares of the entertainment giant's stock after selling 11,614 shares during the period. Walt Disney makes up 1.7% of River Global Investors LLP's holdings, making the stock its 13th largest position. River Global Investors LLP's holdings in Walt Disney were worth $7,712,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DIS. Transcendent Capital Group LLC lifted its stake in shares of Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant's stock worth $968,000 after purchasing an additional 108 shares during the period. ADE LLC lifted its stake in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant's stock worth $249,000 after purchasing an additional 110 shares during the period. Cozad Asset Management Inc. lifted its stake in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock worth $579,000 after purchasing an additional 110 shares during the period. Absher Wealth Management LLC lifted its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant's stock worth $1,360,000 after purchasing an additional 111 shares during the period. Finally, Archford Capital Strategies LLC lifted its stake in shares of Walt Disney by 2.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant's stock worth $493,000 after purchasing an additional 112 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Barclays cut their target price on Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their target price on Walt Disney from $136.00 to $116.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. UBS Group cut their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie cut their target price on Walt Disney from $94.00 to $91.00 and set a "neutral" rating on the stock in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.05.

Walt Disney Stock Up 0.1 %

Shares of Walt Disney stock traded up $0.09 during trading hours on Friday, hitting $99.02. 7,982,113 shares of the company's stock traded hands, compared to its average volume of 7,450,800. The stock has a 50 day simple moving average of $93.90 and a 200-day simple moving average of $96.93. 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 company has a market cap of $179.58 billion, a PE ratio of 38.08, a PEG ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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. The company had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. Equities research analysts anticipate that The Walt Disney Company will post 4.93 earnings per share for the current fiscal year.

About Walt Disney

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.