Charter Oak Capital Management LLC Sells 885 Shares of The Walt Disney Company $DIS

Charter Oak Capital Management LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 23.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,872 shares of the entertainment giant’s stock after selling 885 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Walt Disney were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney during the 1st quarter worth about $26,000. Kessler Investment Group LLC grew its holdings in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management bought a new stake in shares of Walt Disney during the fourth quarter valued at about $36,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $39,000. Finally, First PREMIER Bank lifted its holdings in shares of Walt Disney by 72.2% in the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after buying an additional 205 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DIS. Barclays boosted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Stephens reissued a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Performance

NYSE DIS opened at $114.90 on Friday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a fifty day moving average of $117.83 and a 200-day moving average of $109.11. The company has a market capitalization of $206.59 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.