The Walt Disney Company $DIS Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,585 shares of the entertainment giant’s stock after selling 421 shares during the period. KG&L Capital Management LLC’s holdings in Walt Disney were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DIS. Physician Wealth Advisors Inc. lifted its holdings in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in Walt Disney by 9.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant’s stock valued at $139,000 after buying an additional 94 shares during the last quarter. Clearstead Trust LLC raised its position in Walt Disney by 0.6% in the 1st quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after buying an additional 99 shares during the last quarter. Aspen Investment Management Inc raised its position in Walt Disney by 3.5% in the 1st quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after buying an additional 100 shares during the last quarter. Finally, Hemington Wealth Management raised its position in Walt Disney by 1.9% in the 1st quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.4%

NYSE:DIS opened at $113.46 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock’s 50 day moving average price is $116.96 and its two-hundred day moving average price is $109.52. The firm has a market capitalization of $203.99 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the previous year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group lowered Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Stephens reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Susquehanna reissued a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.18.

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.