Sanders Morris Harris LLC Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

Sanders Morris Harris LLC reduced its stake in The Walt Disney Company (NYSE:DISGet Rating) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,538 shares of the entertainment giant’s stock after selling 904 shares during the period. Sanders Morris Harris LLC’s holdings in Walt Disney were worth $1,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Vanguard Group Inc. lifted its position in shares of Walt Disney by 1.8% during the first quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock worth $19,266,382,000 after purchasing an additional 2,514,894 shares in the last quarter. State Street Corp lifted its position in shares of Walt Disney by 1.7% during the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after purchasing an additional 1,200,863 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walt Disney by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock worth $2,943,347,000 after purchasing an additional 160,841 shares in the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth about $2,290,736,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of Walt Disney by 25.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after purchasing an additional 2,707,126 shares in the last quarter. 61.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on DIS shares. Barclays cut their target price on shares of Walt Disney from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Evercore ISI cut their target price on shares of Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Moffett Nathanson cut their target price on shares of Walt Disney to $120.00 in a research note on Friday, July 22nd. Finally, Rosenblatt Securities upped their target price on shares of Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Price Performance

Walt Disney stock opened at $108.25 on Monday. The Walt Disney Company has a one year low of $90.23 and a one year high of $185.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02. The business has a fifty day moving average of $109.40 and a two-hundred day moving average of $113.92. The company has a market cap of $197.35 billion, a P/E ratio of 62.94, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20.

Walt Disney (NYSE:DISGet Rating) last released its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. Walt Disney’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. As a group, analysts predict that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of Walt Disney stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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