Carr Financial Group Corp Trims Position in The Walt Disney Company (NYSE:DIS)

Carr Financial Group Corp trimmed its position in The Walt Disney Company (NYSE:DIS) by 24.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,600 shares of the entertainment giant’s stock after selling 2,413 shares during the period. Carr Financial Group Corp’s holdings in Walt Disney were worth $731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its holdings in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the last quarter. Summit Global Investments increased its stake in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Lmcg Investments LLC raised its holdings in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after purchasing an additional 23,116 shares during the period. PGGM Investments purchased a new position in Walt Disney during the first quarter valued at $1,036,000. Finally, Nisa Investment Advisors LLC grew its holdings in Walt Disney by 22.2% during the third quarter. Nisa Investment Advisors LLC now owns 704,887 shares of the entertainment giant’s stock valued at $67,803,000 after purchasing an additional 127,859 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $99.02 on Friday. The company’s 50-day moving average price is $93.90 and its 200-day moving average price is $97.05. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The company has a market cap of $179.58 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. The business had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts forecast that The Walt Disney Company will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on DIS. Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Bank of America decreased their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

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.