Carnegie Investment Counsel Has $1.28 Million Position in The Walt Disney Company (NYSE:DIS)

Carnegie Investment Counsel lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 86.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,295 shares of the entertainment giant’s stock after selling 84,361 shares during the period. Carnegie Investment Counsel’s holdings in Walt Disney were worth $1,279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $123,000. Leo Wealth LLC acquired a new stake in Walt Disney in the fourth quarter worth $349,000. Kapitalo Investimentos Ltda bought a new position in shares of Walt Disney during the fourth quarter worth $165,000. ST Germain D J Co. Inc. grew its holdings in shares of Walt Disney by 138.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 71,652 shares of the entertainment giant’s stock valued at $8,767,000 after buying an additional 41,548 shares during the period. Finally, Cravens & Co Advisors LLC acquired a new stake in Walt Disney during the 1st quarter worth $220,000. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DIS shares. Barclays lowered their price target on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a report on Thursday, September 26th. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, UBS Group reduced their target price 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. Four equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Insider Activity at Walt Disney

In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $85.06 per share, for a total transaction of $999,965.36. Following the completion of the acquisition, the director now directly owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Walt Disney Price Performance

Shares of NYSE DIS opened at $94.97 on Tuesday. The Walt Disney Company has a twelve month low of $79.23 and a twelve month high of $123.74. The company has a market cap of $173.13 billion, a PE ratio of 103.23, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The business’s 50 day moving average price is $90.99 and its two-hundred day moving average price is $99.46. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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. Walt Disney had a return on equity of 8.64% and a net margin of 5.30%. The business had revenue of $23.20 billion during the quarter, compared to the consensus estimate of $23.08 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict 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.