Robeco Institutional Asset Management BV lowers stake in Walt Disney Company (NYSE:DIS)

Robeco Institutional Asset Management BV reduced its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 3.5% in the second quarter, according to its latest disclosure with the SEC. The fund now owns 238,610 shares of the entertainment giant’s stock after selling 8,656 shares during the period. Robeco Institutional Asset Management BV’s Walt Disney shares were worth $21,303,000 at the end of the most recent reporting period.

Several other hedge funds also modified their positions in DIS. Cumberland Advisors increased its holdings in shares of Walt Disney by 7.6% in the 2nd quarter. Cumberland Advisors Inc. now owns 14,150 shares of the entertainment giant’s stock valued at $1,263,000 after purchasing an additional 1,000 shares during the period. Sweet Financial Partners LLC grew its stake in Walt Disney by 2.3% in the 2nd quarter. Sweet Financial Partners LLC now owns 7,693 shares of the entertainment giant’s stock valued at $687,000 after purchasing an additional 170 shares during the period. Vantage Investment Partners LLC raised its position in Walt Disney by 39.7% during the 2nd quarter. Vantage Investment Partners LLC now owns 293,488 shares of the entertainment giant’s stock valued at $26,203,000 after purchasing an additional 83,426 shares during the last quarter. Prossimo Advisors LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $473,000. Finally, Saratoga Research & Investment Management increased its holdings in shares of Walt Disney by 6.8% in the 2nd quarter. Saratoga Research & Investment Management now owns 1,335,416 shares of the entertainment giant’s stock valued at $119,226,000 after acquiring an additional 84,834 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.

Wall Street analysts predict growth

DIS has been the subject of several analyst reports. Trust Financial reissued a “buy” rating and set a $105.00 price target on shares of Walt Disney in a report on Tuesday, September 19th. StockNews.com undertook coverage of Walt Disney in a report Thursday. They issued a “sell” rating on the company. Atlantic Securities lowered Walt Disney’s rating from “neutral” to “underweight” and lowered their price target for the stock from $113.00 to $76.00 in a report on Tuesday, July 25th. Barclays lowered their price target on Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Finally, Loop Capital lowered their price objective on shares of Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.08.

Check out the latest report on DIS.

Insider buying and selling at Walt Disney

In other news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total transaction of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares of the company’s stock, valued at approximately $85,577.05. The sale was disclosed in his legal filings with the SEC, available at this hyperlink. 0.10% of the stock is owned by company insiders.

Walt Disney Stock Up 2.6%

NYSE DIS stock opened Friday at $82.94. The company has a market capitalization of $151.76 billion, a P/E ratio of 67.43x, a price-to-earnings ratio of 1.16x, and a beta of 1.27x. The company has a debt-equity ratio of 0.44, a quick ratio of 1.00, and a current ratio of 1.07. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $118.18. The company’s 50-day moving average price is $84.01 and its 200-day moving average price is $90.07.

Walt Disney (NYSE:DIS – Get a Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net profit margin of 2.56%. The business had revenue of $22.33 billion in the quarter, compared to analysts’ expectations of $22.5 billion. In the same period last year, the company’s earnings per share were $1.09. The business’s revenue increased by 3.8% year-on-year. As a group, sell-side analysts expect The Walt Disney Company to post earnings of 3.71 earnings per share for the current fiscal year.

About Walt Disney

(Free report)

The Walt Disney Company, along with its subsidiaries, is an entertainment company that operates throughout the world. It operates through his two segments: Disney Media and Entertainment Distribution. Disney parks, experiences, and products. The company engages in the production and distribution of film and episodic television content and operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands. Some studios produce movies under the umbrella of Walt Disney Pictures, 20th Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures.

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