The Walt Disney Company (NYSE:DIS) is Oldfield Partners LLP’s 6th Largest Position

Oldfield Partners LLP cut its position in shares of The Walt Disney Company (NYSE:DIS) by 21.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 516,600 shares of the entertainment giant’s stock after selling 144,200 shares during the period. Walt Disney makes up 9.7% of Oldfield Partners LLP’s portfolio, making the stock its 6th largest holding. Oldfield Partners LLP’s holdings in Walt Disney were worth $51,293,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Jennison Associates LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $1,490,492,000. Capital World Investors boosted its position in Walt Disney by 3,332.4% in the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the period. ValueAct Holdings L.P. purchased a new stake in Walt Disney in the 4th quarter valued at about $459,245,000. Swedbank AB purchased a new stake in Walt Disney in the 1st quarter valued at about $493,715,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Walt Disney in the 1st quarter valued at about $425,567,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC lowered their price target on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James lowered their price target on shares of Walt Disney from $123.00 to $101.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Evercore ISI lowered their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insiders Place Their Bets

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired 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 owns 22,313 shares in the company, valued at approximately $1,897,943.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Trading Up 1.4 %

NYSE:DIS opened at $90.55 on Monday. The firm has a 50 day moving average of $91.06 and a 200 day moving average of $102.49. The stock has a market capitalization of $164.22 billion, a price-to-earnings ratio of 98.42, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

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, topping analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion during 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 business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. As a group, sell-side analysts anticipate that The Walt Disney Company will post 4.92 earnings per share for the current fiscal 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.