Walt Disney Co (NYSE:DIS) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Walt Disney Co (NYSE:DIS) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,565,186 shares of the entertainment giant’s stock after selling 217,540 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Walt Disney worth $174,534,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Walt Disney by 7.8% during the second quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after acquiring an additional 10,757,398 shares during the period. State Street Corp grew its holdings in Walt Disney by 0.8% during the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after acquiring an additional 565,404 shares during the period. Morgan Stanley grew its holdings in Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after acquiring an additional 3,939,992 shares during the period. Bank of New York Mellon Corp grew its holdings in Walt Disney by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 25,029,876 shares of the entertainment giant’s stock worth $2,791,081,000 after acquiring an additional 2,208,862 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Walt Disney by 2.4% during the first quarter. Nuveen Asset Management LLC now owns 16,552,686 shares of the entertainment giant’s stock worth $1,598,989,000 after acquiring an additional 386,175 shares during the period. 62.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE DIS traded up $0.85 during mid-day trading on Wednesday, reaching $132.09. 6,596,761 shares of the company’s stock traded hands, compared to its average volume of 15,999,225. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41. The company has a fifty day simple moving average of $128.62 and a 200-day simple moving average of $114.73. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60. The company has a market cap of $237.16 billion, a price-to-earnings ratio of -213.87, a P/E/G ratio of 11.58 and a beta of 1.08.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.72. Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter last year, the business posted $1.35 EPS. Walt Disney’s quarterly revenue was down 41.7% compared to the same quarter last year. Equities research analysts forecast that Walt Disney Co will post 1.7 earnings per share for the current fiscal year.

A number of research firms have commented on DIS. Barclays reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Thursday, August 6th. Loop Capital downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Tuesday, May 19th. UBS Group restated a “hold” rating and set a $126.00 price target on shares of Walt Disney in a research note on Thursday, June 25th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company upped their price target on Walt Disney from $120.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $131.37.

About Walt Disney

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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