Robertson Stephens Wealth Management LLC Sells 1,646 Shares of The Walt Disney Company $DIS

Robertson Stephens Wealth Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,453 shares of the entertainment giant’s stock after selling 1,646 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Walt Disney were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Brighton Jones LLC lifted its holdings in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after acquiring an additional 1,904 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Walt Disney by 8.1% in the first quarter. GAMMA Investing LLC now owns 24,830 shares of the entertainment giant’s stock valued at $2,451,000 after purchasing an additional 1,856 shares in the last quarter. Zhang Financial LLC lifted its holdings in shares of Walt Disney by 9.8% in the first quarter. Zhang Financial LLC now owns 2,207 shares of the entertainment giant’s stock valued at $218,000 after purchasing an additional 197 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Walt Disney by 21.0% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 19,824 shares of the entertainment giant’s stock valued at $1,957,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Thomasville National Bank lifted its holdings in shares of Walt Disney by 3.4% in the first quarter. Thomasville National Bank now owns 7,611 shares of the entertainment giant’s stock valued at $751,000 after purchasing an additional 251 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

NYSE:DIS opened at $109.17 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock’s 50-day simple moving average is $115.36 and its 200 day simple moving average is $110.34. The company has a market cap of $196.27 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Evercore ISI boosted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group boosted their price target on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.