Clear Harbor Asset Management LLC Reduces Stock Position in The Walt Disney Company $DIS

Key Points

• Clear Harbor Asset Management LLC has reduced its holdings in The Walt Disney Company by 22.0%, ending the second quarter with 7,956 shares valued at approximately $987,000.
• Various large investors are changing their positions, with Kessler Investment Group boosting its stake in Disney by 274.0% during the first quarter.
• A number of analysts recently reaffirmed their ratings for Disney stock, with average price target set at $131.18 and overall ratings ranging from "Strong Buy" to "Hold."

Clear Harbor Asset Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,956 shares of the entertainment giant's stock after selling 2,240 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Walt Disney were worth $987,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter worth about $36,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $39,000. Finally, First PREMIER Bank boosted its stake in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant's stock worth $48,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DIS shares. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a research report on Monday, August 11th. Stephens reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities increased their price target on Walt Disney from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

NYSE:DIS opened at $112.44 on Tuesday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. 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 cap of $202.16 billion, a PE ratio of 17.62, a P/E/G ratio of 1.65 and a beta of 1.55. The stock has a 50 day moving average price of $117.56 and a 200 day moving average price of $109.22.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 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 analysts' expectations of $23.69 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company Profile

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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