Sarasin & Partners LLP Sells 82,499 Shares of The Walt Disney Company (NYSE:DIS)

Sarasin & Partners LLP lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,829,850 shares of the entertainment giant’s stock after selling 82,499 shares during the quarter. Walt Disney makes up 2.9% of Sarasin & Partners LLP’s holdings, making the stock its 12th biggest holding. Sarasin & Partners LLP owned approximately 0.15% of Walt Disney worth $252,649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sanders Morris Harris LLC grew its stake in shares of Walt Disney by 396.3% in the second quarter. Sanders Morris Harris LLC now owns 18,238 shares of the entertainment giant’s stock worth $1,646,000 after purchasing an additional 14,563 shares during the last quarter. Evanson Asset Management LLC grew its stake in shares of Walt Disney by 15.6% in the second quarter. Evanson Asset Management LLC now owns 4,647 shares of the entertainment giant’s stock worth $415,000 after purchasing an additional 627 shares during the last quarter. Czech National Bank grew its stake in shares of Walt Disney by 0.5% in the second quarter. Czech National Bank now owns 216,338 shares of the entertainment giant’s stock worth $19,315,000 after purchasing an additional 1,130 shares during the last quarter. Level Four Advisory Services LLC grew its stake in shares of Walt Disney by 5.5% in the second quarter. Level Four Advisory Services LLC now owns 41,701 shares of the entertainment giant’s stock worth $3,723,000 after purchasing an additional 2,188 shares during the last quarter. Finally, First Affirmative Financial Network grew its stake in shares of Walt Disney by 21.7% in the second quarter. First Affirmative Financial Network now owns 4,729 shares of the entertainment giant’s stock worth $422,000 after purchasing an additional 844 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.

Walt Disney Trading Up 1.3 %

DIS opened at $85.58 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The Walt Disney Company has a fifty-two week low of $79.75 and a fifty-two week high of $118.18. The firm has a market capitalization of $156.59 billion, a PE ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28. The company’s 50-day moving average is $85.78 and its 200 day moving average is $91.64.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company had revenue of $22.33 billion for the quarter, compared to analyst estimates of $22.50 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the sale, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DIS shares. Barclays reduced their price objective on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Truist Financial restated a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a report on Monday, August 21st. Morgan Stanley dropped their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, July 26th. Credit Suisse Group dropped their target price on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.35.

About Walt Disney

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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.