Hoertkorn Richard Charles Sells 3,250 Shares of The Walt Disney Company $DIS

Key Points

• Hoertkorn Richard Charles reduced its stake in The Walt Disney Company (NYSE:DIS) by 20.2%, selling 3,250 shares and holding a total of 12,871 shares which now constitutes 0.7% of their investment portfolio.
• The Walt Disney Company reported $1.61 earnings per share for the last quarter, exceeding analysts' expectations of $1.45, alongside a revenue of $23.65 billion, slightly below expectations.
• Multiple research firms have recently upgraded their price targets for Disney, with Guggenheim raising their target to $140 and maintaining a "buy" rating, reflecting positive sentiment in the stock's potential.

Hoertkorn Richard Charles lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,871 shares of the entertainment giant's stock after selling 3,250 shares during the period. Walt Disney accounts for 0.7% of Hoertkorn Richard Charles' investment portfolio, making the stock its 28th biggest position. Hoertkorn Richard Charles' holdings in Walt Disney were worth $1,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney during the 1st quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney in the 4th quarter worth approximately $27,000. Kessler Investment Group LLC grew its position in shares of Walt Disney by 274.0% in the 1st 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 position in shares of Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 0.9%

Shares of NYSE DIS opened at $116.02 on Friday. 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 50-day moving average of $118.34 and a 200 day moving average of $109.01. The stock has a market cap of $208.60 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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 net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DIS. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, June 27th. Chardan Capital reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group lifted their target price on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.18.

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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