Intercontinental Wealth Advisors LLC trimmed its position in Walt Disney Co (NYSE:DIS) by 21.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 370 shares of the entertainment giant’s stock after selling 100 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Walt Disney were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of DIS. Oregon Public Employees Retirement Fund lifted its stake in shares of Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after buying an additional 52,838,274 shares during the last quarter. FMR LLC lifted its stake in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after buying an additional 9,190,235 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after buying an additional 5,639,712 shares during the last quarter. Cortland Advisers LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $118,918,000. Finally, Clearbridge Investments LLC lifted its stake in shares of Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock worth $1,205,324,000 after buying an additional 1,031,035 shares during the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.

A number of brokerages have recently weighed in on DIS. UBS Group boosted their price objective on shares of Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Barclays upped their target price on shares of Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $148.22.

NYSE:DIS traded down $0.38 during trading hours on Wednesday, hitting $134.75. 139,525 shares of the company traded hands, compared to its average volume of 10,164,042. The stock has a market capitalization of $243.55 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 4.40 and a beta of 0.96. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $147.15. The firm has a 50-day moving average of $140.82 and a 200 day moving average of $128.94. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the firm earned $1.87 EPS. Equities research analysts predict that Walt Disney Co will post 6.02 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were issued a $0.88 dividend. The ex-dividend date was Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) is presently 24.86%.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders sold a total of 154,423 shares of company stock worth $21,743,165 in the last three months. Insiders own 0.36% of the company’s stock.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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