Sterling Investment Counsel LLC Has $731,000 Stock Holdings in The Walt Disney Company $DIS

Key Points

• Sterling Investment Counsel LLC reduced its holdings in The Walt Disney Company by 65.8% in Q2, now owning 5,895 shares worth approximately $731,000.
• Walt Disney reported $1.61 earnings per share for the last quarter, surpassing the analyst estimate of $1.45, with total revenue of $23.65 billion.
• The stock currently holds a consensus rating of "Moderate Buy" with an average price target of $131.18 among analysts following the company.

Sterling Investment Counsel LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 65.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,895 shares of the entertainment giant's stock after selling 11,360 shares during the period. Sterling Investment Counsel LLC's holdings in Walt Disney were worth $731,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Physician Wealth Advisors Inc. boosted its stake in shares of Walt Disney by 3.5% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant's stock worth $323,000 after buying an additional 87 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in Walt Disney by 3.3% during the second quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant's stock worth $341,000 after purchasing an additional 87 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Walt Disney by 9.1% during the second quarter. Bruce G. Allen Investments LLC now owns 1,123 shares of the entertainment giant's stock worth $139,000 after purchasing an additional 94 shares during the period. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% during the second 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. Finally, Clearstead Trust LLC grew its holdings in Walt Disney by 0.6% during the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 0.7%

Shares of NYSE:DIS opened at $112.14 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $201.62 billion, a PE ratio of 17.58, a P/E/G ratio of 1.48 and a beta of 1.54. The business has a 50 day moving average of $116.30 and a 200-day moving average of $109.86. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS - Get Free Report) last issued 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. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on DIS. Chardan Capital reiterated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. UBS Group lifted their price target on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Susquehanna reiterated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Raymond James Financial restated a "neutral" rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.18.

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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