The Walt Disney Company (NYSE:DIS) Holdings Cut by DRH Investments Inc.

DRH Investments Inc. lowered its position in The Walt Disney Company (NYSE:DIS) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,860 shares of the entertainment giant’s stock after selling 3,824 shares during the quarter. Walt Disney accounts for approximately 10.7% of DRH Investments Inc.’s holdings, making the stock its 7th biggest holding. DRH Investments Inc.’s holdings in Walt Disney were worth $9,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $603,000. Assetmark Inc. increased its position in shares of Walt Disney by 100.0% in the 4th quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock worth $2,736,000 after purchasing an additional 15,146 shares during the last quarter. TCW Group Inc. raised its stake in shares of Walt Disney by 166.4% in the 4th quarter. TCW Group Inc. now owns 46,292 shares of the entertainment giant’s stock valued at $4,183,000 after purchasing an additional 28,916 shares in the last quarter. Cypress Asset Management Inc. TX bought a new position in shares of Walt Disney during the fourth quarter worth about $239,000. Finally, ProVise Management Group LLC grew its stake in Walt Disney by 7.3% in the fourth quarter. ProVise Management Group LLC now owns 5,546 shares of the entertainment giant’s stock worth $501,000 after purchasing an additional 379 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Moffett Nathanson cut their price objective on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Loop Capital decreased their price target on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $118.43.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at $1,897,943.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Up 0.3 %

DIS opened at $93.69 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $123.74. The stock’s 50 day moving average price is $90.67 and its 200 day moving average price is $101.96. The stock has a market cap of $170.80 billion, a P/E ratio of 101.84, a P/E/G ratio of 1.31 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

Walt Disney Company 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.