Bellevue Asset Management LLC Has $191,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Bellevue Asset Management LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 21.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,923 shares of the entertainment giant’s stock after selling 537 shares during the quarter. Bellevue Asset Management LLC’s holdings in Walt Disney were worth $191,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Walt Disney during the 4th quarter valued at $1,938,647,000. Jennison Associates LLC bought a new position in Walt Disney during the 1st quarter worth $1,490,492,000. Capital World Investors raised its position in 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 purchasing an additional 6,084,993 shares during the last quarter. ValueAct Holdings L.P. bought a new position in Walt Disney during the 4th quarter worth $459,245,000. Finally, Swedbank AB bought a new position in Walt Disney during the 1st quarter worth $493,715,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on DIS shares. Barclays lowered their target price 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. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Morgan Stanley lowered their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. The Goldman Sachs Group initiated coverage on Walt Disney in a research report on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Redburn Atlantic raised Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Trading Up 0.6 %

NYSE DIS traded up $0.57 during trading on Friday, hitting $90.38. 8,403,632 shares of the company’s stock traded hands, compared to its average volume of 11,458,939. The stock has a fifty day moving average of $93.23 and a two-hundred day moving average of $104.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The Walt Disney Company has a 12-month low of $78.73 and a 12-month high of $123.74. The firm has a market cap of $164.77 billion, a P/E ratio of 98.24, a PEG ratio of 1.15 and a beta of 1.40.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 4.77 EPS 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.