The Walt Disney Company $DIS Shares Sold by Reik & CO. LLC

Reik & CO. LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,705 shares of the entertainment giant’s stock after selling 600 shares during the period. Walt Disney accounts for approximately 0.2% of Reik & CO. LLC’s investment portfolio, making the stock its 27th largest holding. Reik & CO. LLC’s holdings in Walt Disney were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DIS. Kondo Wealth Advisors Inc. increased its holdings in shares of Walt Disney by 1.2% in the 2nd quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after acquiring an additional 84 shares during the period. Cornerstone Advisory LLC increased its stake in shares of Walt Disney by 1.5% in the second quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock valued at $730,000 after purchasing an additional 86 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of Walt Disney by 3.5% in the second quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock valued at $323,000 after purchasing an additional 87 shares during the period. Childress Capital Advisors LLC raised its holdings in shares of Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock valued at $341,000 after buying an additional 87 shares during the last quarter. Finally, Apollon Financial LLC raised its holdings in shares of Walt Disney by 1.5% during the second quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock valued at $755,000 after buying an additional 87 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DIS shares. Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $141.00 price target on shares of Walt Disney in a research note on Friday, October 17th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Finally, Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Trading Up 0.3%

Shares of NYSE:DIS opened at $110.80 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $199.21 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a 50 day moving average price of $113.45 and a 200 day moving average price of $113.81.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.