The Walt Disney Company (NYSE:DIS) Stock Holdings Decreased by Carret Asset Management LLC

Carret Asset Management LLC lessened its position in The Walt Disney Company (NYSE:DIS) by 1.9% in the 1st quarter, Holdings Channel reports. The fund owned 69,818 shares of the entertainment giant’s stock after selling 1,374 shares during the period. Walt Disney makes up approximately 1.0% of Carret Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Carret Asset Management LLC’s holdings in Walt Disney were worth $8,543,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of Walt Disney during the 4th quarter valued at $28,000. Partnership Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter worth $33,000. Stone House Investment Management LLC raised its holdings in shares of Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 270 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in Walt Disney during the third quarter valued at $30,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock traded up $0.62 during trading hours on Wednesday, hitting $98.61. The stock had a trading volume of 4,985,934 shares, compared to its average volume of 11,481,115. The company has a 50-day moving average of $104.17 and a two-hundred day moving average of $104.81. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a fifty-two week low of $78.73 and a fifty-two week high of $123.74. The company has a market cap of $179.77 billion, a PE ratio of 107.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. Walt Disney’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts anticipate that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Insider Activity

In related news, Director James P. Gorman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DIS. Argus raised their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Macquarie lifted their target price on shares of Walt Disney from $104.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Evercore ISI dropped their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Daiwa Capital Markets reaffirmed a “buy” rating and issued a $133.00 price objective on shares of Walt Disney in a research note on Monday, April 1st. Finally, Redburn Atlantic raised shares of Walt Disney from a “sell” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $126.44.

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.