Carnegie Capital Asset Management LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Carnegie Capital Asset Management LLC reduced its position in shares of The Walt Disney Company (NYSE:DISGet Rating) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,033 shares of the entertainment giant’s stock after selling 37,041 shares during the period. Walt Disney comprises approximately 1.2% of Carnegie Capital Asset Management LLC’s portfolio, making the stock its 14th largest position. Carnegie Capital Asset Management LLC’s holdings in Walt Disney were worth $31,992,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Financial Connections Group Inc. increased its position in shares of Walt Disney by 38.7% in the first quarter. Financial Connections Group Inc. now owns 330 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 92 shares in the last quarter. Advance Capital Management Inc. increased its position in shares of Walt Disney by 2.2% in the first quarter. Advance Capital Management Inc. now owns 4,284 shares of the entertainment giant’s stock worth $588,000 after acquiring an additional 92 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Walt Disney by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 10,890 shares of the entertainment giant’s stock worth $1,687,000 after acquiring an additional 93 shares in the last quarter. Advanced Research Investment Solutions LLC increased its position in shares of Walt Disney by 39.1% in the first quarter. Advanced Research Investment Solutions LLC now owns 331 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 93 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its position in shares of Walt Disney by 0.8% in the first quarter. Main Street Financial Solutions LLC now owns 11,507 shares of the entertainment giant’s stock worth $1,578,000 after acquiring an additional 94 shares in the last quarter. 61.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on DIS shares. Royal Bank of Canada set a $150.00 price target on shares of Walt Disney in a report on Wednesday, August 10th. JPMorgan Chase & Co. decreased their price target on shares of Walt Disney from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, August 11th. Wells Fargo & Company raised their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. The Goldman Sachs Group raised their price target on shares of Walt Disney from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $145.00 in a report on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.48.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $102.16 on Friday. The Walt Disney Company has a 1-year low of $90.23 and a 1-year high of $179.63. The firm has a fifty day simple moving average of $110.43 and a 200-day simple moving average of $113.15. The stock has a market capitalization of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Walt Disney (NYSE:DISGet Rating) last announced its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.01 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Walt Disney’s revenue was up 26.5% compared to the same quarter last year. On average, sell-side analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.

Walt Disney Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Further Reading

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

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