Carnegie Investment Counsel Grows Position in The Walt Disney Company $DIS

Carnegie Investment Counsel raised its holdings in The Walt Disney Company (NYSE:DIS) by 20.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,931 shares of the entertainment giant’s stock after acquiring an additional 2,728 shares during the quarter. Carnegie Investment Counsel’s holdings in Walt Disney were worth $1,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the 1st quarter valued at about $26,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC raised its holdings in shares of 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. Harbor Asset Planning Inc. purchased a new position in shares of Walt Disney during the 2nd quarter valued at about $37,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Morgan Stanley raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Stephens reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. The business’s 50 day simple moving average is $114.64 and its two-hundred day simple moving average is $111.84. The stock has a market capitalization of $200.72 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company 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.