Keating Investment Counselors Inc. Reduces Stake in The Walt Disney Company (NYSE:DIS)

Keating Investment Counselors Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,366 shares of the entertainment giant’s stock after selling 473 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Walt Disney were worth $1,129,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Walt Disney by 84.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,000,267 shares of the entertainment giant’s stock valued at $244,754,000 after purchasing an additional 916,772 shares during the period. Jennison Associates LLC purchased a new position in Walt Disney during the 1st quarter valued at about $1,490,492,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Walt Disney by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 556,658 shares of the entertainment giant’s stock worth $68,113,000 after acquiring an additional 22,568 shares in the last quarter. Rheos Capital Works Inc. grew its holdings in Walt Disney by 41.3% in the first quarter. Rheos Capital Works Inc. now owns 175,900 shares of the entertainment giant’s stock worth $21,523,000 after purchasing an additional 51,400 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Walt Disney by 555.9% during the first quarter. Nordea Investment Management AB now owns 956,788 shares of the entertainment giant’s stock valued at $117,599,000 after purchasing an additional 810,923 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

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

Walt Disney Stock Down 0.8 %

DIS stock opened at $87.94 on Friday. The business’s 50-day moving average is $91.98 and its two-hundred day moving average is $103.22. The company has a market cap of $160.32 billion, a price-to-earnings ratio of 95.59, a P/E/G ratio of 1.34 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.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group began coverage on Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price target on the stock. Loop Capital cut their target price on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price target on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.