The Walt Disney Company $DIS Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 84.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,373 shares of the entertainment giant’s stock after selling 182,490 shares during the quarter. Davis R M Inc.’s holdings in Walt Disney were worth $4,263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DIS. Kondo Wealth Advisors Inc. increased its position in Walt Disney by 1.2% during the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after purchasing an additional 84 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after buying an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after buying an additional 87 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after acquiring an additional 87 shares during the period. Finally, Apollon Financial LLC raised its position in Walt Disney by 1.5% in the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 87 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DIS. UBS Group boosted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Susquehanna reissued a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Jefferies Financial Group cut Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $110.80 on Monday. 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 business’s fifty day moving average price is $113.45 and its two-hundred day moving average price is $114.00. The stock has a market cap of $199.21 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

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.