Carret Asset Management LLC Sells 900 Shares of The Walt Disney Company $DIS

Carret Asset Management LLC lowered its stake in The Walt Disney Company (NYSE:DIS) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,356 shares of the entertainment giant’s stock after selling 900 shares during the quarter. Walt Disney accounts for 0.9% of Carret Asset Management LLC’s portfolio, making the stock its 25th biggest position. Carret Asset Management LLC’s holdings in Walt Disney were worth $8,229,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Savvy Advisors Inc. lifted its position in Walt Disney by 0.7% in the second quarter. Savvy Advisors Inc. now owns 17,334 shares of the entertainment giant’s stock valued at $2,150,000 after purchasing an additional 113 shares during the last quarter. Live Oak Private Wealth LLC lifted its position in Walt Disney by 2.8% in the second quarter. Live Oak Private Wealth LLC now owns 73,195 shares of the entertainment giant’s stock valued at $9,077,000 after purchasing an additional 2,025 shares during the last quarter. Assetmark Inc. lifted its position in Walt Disney by 51.3% in the second quarter. Assetmark Inc. now owns 235,902 shares of the entertainment giant’s stock valued at $29,254,000 after purchasing an additional 80,027 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Walt Disney by 8.4% in the second quarter. Premier Path Wealth Partners LLC now owns 21,228 shares of the entertainment giant’s stock valued at $2,633,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Walt Disney by 1.3% in the second quarter. Hantz Financial Services Inc. now owns 37,476 shares of the entertainment giant’s stock valued at $4,649,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Chardan Capital reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial reissued a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. boosted their target price on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Price Performance

Shares of DIS stock opened at $110.21 on Thursday. The stock has a market cap of $198.15 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.46 and a beta of 1.54. The business’s fifty day moving average is $114.33 and its 200 day moving average is $112.49. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company Profile

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.