Clarity Capital Partners LLC Trims Stake in The Walt Disney Company $DIS

Key Points

• Clarity Capital Partners LLC reduced its stake in The Walt Disney Company by 17.9% during Q2, now holding 17,669 shares worth approximately $2.19 million.
• Multiple analysts have raised their price targets for Disney, with Citigroup and Evercore ISI both increasing their targets to $140 and maintaining a buy rating.
• Walt Disney's stock showed a slight increase of 0.3%, closing at $112.49, and analysts project a possible 5.47 EPS for the current fiscal year.

Clarity Capital Partners LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 17.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,669 shares of the entertainment giant's stock after selling 3,857 shares during the quarter. Walt Disney makes up about 0.8% of Clarity Capital Partners LLC's holdings, making the stock its 25th biggest position. Clarity Capital Partners LLC's holdings in Walt Disney were worth $2,191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock worth $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC lifted its stake in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. First PREMIER Bank lifted its stake in shares of Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Capitol Family Office Inc. purchased a new position in shares of Walt Disney during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIS. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Evercore ISI upped their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Guggenheim upped their price objective on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Stock Up 0.3%

Shares of NYSE DIS opened at $112.49 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market cap of $202.25 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $116.12 and a 200 day moving average price of $109.95.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same period in the prior year, the firm earned $1.39 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. 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.

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