Carolinas Wealth Consulting LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Carolinas Wealth Consulting LLC decreased its holdings in The Walt Disney Company (NYSE:DIS) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,422 shares of the entertainment giant’s stock after selling 147 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Walt Disney were worth $936,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DIS. Gryphon Financial Partners LLC purchased a new position in Walt Disney in the fourth quarter valued at about $603,000. CreativeOne Wealth LLC increased its stake in Walt Disney by 20.1% in the 4th quarter. CreativeOne Wealth LLC now owns 8,128 shares of the entertainment giant’s stock valued at $734,000 after purchasing an additional 1,358 shares in the last quarter. Assetmark Inc. raised its holdings in Walt Disney by 100.0% during the fourth quarter. Assetmark Inc. now owns 30,298 shares of the entertainment giant’s stock worth $2,736,000 after purchasing an additional 15,146 shares during the last quarter. Certified Advisory Corp purchased a new stake in Walt Disney during the fourth quarter worth $1,143,000. Finally, JPL Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at $1,128,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In other news, Director Calvin Mcdonald bought 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the acquisition, the director now owns 22,313 shares of the company’s stock, valued at $1,897,943.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DIS. The Goldman Sachs Group initiated coverage on shares of Walt Disney in a research note on Tuesday, June 25th. They issued a “buy” rating and a $125.00 price objective on the stock. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company cut their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC lowered their target price on Walt Disney from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Loop Capital dropped their price target on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.95.

Walt Disney Price Performance

Walt Disney stock opened at $93.59 on Thursday. 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 $170.62 billion, a price-to-earnings ratio of 101.73, a PEG ratio of 1.31 and a beta of 1.40. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a 50 day moving average price of $90.80 and a 200 day moving average price of $102.16.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 4.92 earnings per share for the current year.

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.