Clifford Swan Investment Counsel LLC lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,298 shares of the entertainment giant's stock after selling 8,933 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Walt Disney were worth $17,274,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. boosted its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Kessler Investment Group LLC raised 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 valued at $27,000 after buying an additional 200 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Walt Disney in the 2nd quarter valued at about $37,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney in the second quarter worth about $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on DIS shares. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Wall Street Zen cut Walt Disney from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Citigroup boosted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $132.90.
View Our Latest Analysis on DIS
Walt Disney Price Performance
DIS stock opened at $113.00 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $203.16 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. The business has a 50 day simple moving average of $114.78 and a 200-day simple moving average of $111.22.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
About Walt Disney
(
Free Report)
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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