Clarity Capital Partners LLC Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Clarity Capital Partners LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,797 shares of the entertainment giant’s stock after selling 355 shares during the period. Walt Disney comprises approximately 1.9% of Clarity Capital Partners LLC’s holdings, making the stock its 13th biggest position. Clarity Capital Partners LLC’s holdings in Walt Disney were worth $3,155,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIS. ESL Trust Services LLC purchased a new stake in Walt Disney in the first quarter worth about $31,000. William B. Walkup & Associates Inc. bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank raised its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after purchasing an additional 333 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.0 %

Shares of NYSE DIS opened at $95.79 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.59 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market cap of $173.72 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.52 and a beta of 1.40. The business’s 50 day moving average price is $93.24 and its 200-day moving average price is $97.22.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now directly owns 22,313 shares of the company’s stock, valued at $1,897,943.78. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley lowered their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Barclays lowered their target price on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America dropped their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, UBS Group cut their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.05.

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.