Clarus Wealth Advisors lowered its holdings in Walt Disney Co (NYSE:DIS) by 60.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,038 shares of the entertainment giant’s stock after selling 4,595 shares during the period. Clarus Wealth Advisors’ holdings in Walt Disney were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Copperleaf Capital LLC bought a new position in Walt Disney in the second quarter valued at $214,000. Bogart Wealth LLC grew its position in Walt Disney by 31.9% in the second quarter. Bogart Wealth LLC now owns 4,973 shares of the entertainment giant’s stock valued at $555,000 after purchasing an additional 1,204 shares in the last quarter. Global Trust Asset Management LLC grew its position in Walt Disney by 182.9% in the second quarter. Global Trust Asset Management LLC now owns 12,497 shares of the entertainment giant’s stock valued at $1,394,000 after purchasing an additional 8,079 shares in the last quarter. First American Trust FSB grew its position in Walt Disney by 5.6% in the second quarter. First American Trust FSB now owns 29,393 shares of the entertainment giant’s stock valued at $3,278,000 after purchasing an additional 1,547 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in Walt Disney by 8.1% in the second quarter. HBW Advisory Services LLC now owns 20,734 shares of the entertainment giant’s stock valued at $2,312,000 after purchasing an additional 1,548 shares in the last quarter. 62.81% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Walt Disney in a research report on Friday, May 8th. BMO Capital Markets decreased their price objective on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, May 6th. Consumer Edge downgraded shares of Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 price objective for the company. in a research report on Tuesday, June 9th. Finally, Imperial Capital reissued a “sell” rating and issued a $105.00 price objective on shares of Walt Disney in a research report on Monday, June 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and an average price target of $127.36.
Shares of DIS traded up $0.50 during mid-day trading on Thursday, hitting $117.16. 206,874 shares of the stock were exchanged, compared to its average volume of 13,549,757. The company has a market cap of $210.72 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 12.45 and a beta of 1.10. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The firm has a 50-day moving average of $116.73 and a two-hundred day moving average of $120.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. On average, sell-side analysts predict that Walt Disney Co will post 1.46 EPS for the current year.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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