KCM Investment Advisors LLC Sells 1,577 Shares of The Walt Disney Company $DIS

KCM Investment Advisors LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 4.5% in the 2nd quarter, Holdings Channel reports. The fund owned 33,525 shares of the entertainment giant’s stock after selling 1,577 shares during the quarter. KCM Investment Advisors LLC’s holdings in Walt Disney were worth $4,157,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kondo Wealth Advisors Inc. grew its holdings in Walt Disney by 1.2% in the second quarter. Kondo Wealth Advisors Inc. now owns 7,317 shares of the entertainment giant’s stock worth $904,000 after purchasing an additional 84 shares during the period. Cornerstone Advisory LLC boosted its position in shares of Walt Disney by 1.5% in the 2nd quarter. Cornerstone Advisory LLC now owns 5,890 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 86 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Walt Disney by 3.5% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,606 shares of the entertainment giant’s stock worth $323,000 after purchasing an additional 87 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of Walt Disney by 3.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 2,749 shares of the entertainment giant’s stock worth $341,000 after buying an additional 87 shares during the last quarter. Finally, Apollon Financial LLC grew its stake in shares of Walt Disney by 1.5% in the 2nd quarter. Apollon Financial LLC now owns 6,086 shares of the entertainment giant’s stock worth $755,000 after buying an additional 87 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, September 23rd. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Arete Research upgraded shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Trading Up 0.3%

Shares of NYSE:DIS opened at $110.80 on Friday. 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 Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market cap of $199.21 billion, a P/E ratio of 17.37, a PEG ratio of 1.45 and a beta of 1.55. The stock’s fifty day moving average price is $113.45 and its 200-day moving average price is $113.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.