The Walt Disney Company $DIS Shares Sold by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co decreased its holdings in The Walt Disney Company (NYSE:DIS) by 23.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,870 shares of the entertainment giant’s stock after selling 4,988 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Walt Disney were worth $1,968,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. lifted its stake in shares of Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter worth approximately $26,000. Kessler Investment Group LLC lifted its holdings in Walt Disney by 274.0% during 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. Harbor Asset Planning Inc. bought a new position in Walt Disney during the 2nd quarter worth approximately $37,000. Finally, RMG Wealth Management LLC bought a new position in Walt Disney during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.2%

DIS opened at $111.64 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month 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 stock has a market cap of $200.72 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.48 and a beta of 1.54. The stock’s 50 day moving average price is $114.64 and its 200 day moving average price is $111.64.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same period last year, the firm earned $1.39 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group increased their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

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.