Conscious Wealth Investments LLC Has $479,000 Position in The Walt Disney Company (NYSE:DIS)

Conscious Wealth Investments LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,978 shares of the entertainment giant’s stock after selling 181 shares during the period. Conscious Wealth Investments LLC’s holdings in Walt Disney were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. OMNI 360 Wealth Inc. acquired a new stake in shares of Walt Disney during the 3rd quarter valued at $230,000. J.W. Cole Advisors Inc. boosted its stake in shares of Walt Disney by 2.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 28,468 shares of the entertainment giant’s stock valued at $2,738,000 after buying an additional 691 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Walt Disney by 6.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 210,693 shares of the entertainment giant’s stock valued at $20,266,000 after purchasing an additional 12,335 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in shares of Walt Disney by 3.0% in the 3rd quarter. Bristlecone Advisors LLC now owns 42,462 shares of the entertainment giant’s stock valued at $4,084,000 after purchasing an additional 1,233 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Walt Disney by 5.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,416,537 shares of the entertainment giant’s stock valued at $135,398,000 after purchasing an additional 71,908 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Wednesday. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays reduced their price objective on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.05.

Insider Buying and Selling at Walt Disney

In other news, Director Calvin Mcdonald purchased 11,756 shares of Walt Disney stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the transaction, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Price Performance

NYSE DIS traded down $0.37 on Friday, reaching $95.03. The company’s stock had a trading volume of 6,638,148 shares, compared to its average volume of 10,864,460. The firm has a market cap of $173.24 billion, a PE ratio of 103.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business has a 50-day moving average price of $92.61 and a 200 day moving average price of $98.12. The Walt Disney Company has a 52 week low of $79.23 and a 52 week high of $123.74. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Sell-side analysts expect that The Walt Disney Company will post 4.92 EPS 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.