Jmac Enterprises LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Jmac Enterprises LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 13,202 shares of the entertainment giant’s stock after selling 217 shares during the quarter. Jmac Enterprises LLC’s holdings in Walt Disney were worth $1,270,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DIS. Capital World Investors grew its position in shares of Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after buying an additional 6,084,993 shares in the last quarter. Swedbank AB purchased a new position in Walt Disney during the 1st quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $355,673,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney in the 1st quarter worth approximately $425,567,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after purchasing an additional 3,399,359 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.2 %

Shares of DIS opened at $98.74 on Thursday. The firm has a 50-day moving average price of $93.54 and a 200 day moving average price of $97.12. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $179.07 billion, a P/E ratio of 38.03, a P/E/G ratio of 1.52 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analysts’ expectations of $23.08 billion. During the same quarter last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that The Walt Disney Company will post 4.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on DIS shares. JPMorgan Chase & Co. dropped their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report 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. Bank of America cut their price objective on Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Morgan Stanley cut their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Barclays reduced their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.05.

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.