Prosperity Consulting Group LLC Sells 12,589 Shares of The Walt Disney Company $DIS

Prosperity Consulting Group LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 66.3% in the second quarter, Holdings Channel reports. The fund owned 6,407 shares of the entertainment giant’s stock after selling 12,589 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Walt Disney were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Brighton Jones LLC lifted its position in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock worth $2,980,000 after buying an additional 1,904 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Walt Disney by 2,166.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 10,065 shares of the entertainment giant’s stock worth $993,000 after buying an additional 9,621 shares during the last quarter. Stratos Investment Management LLC lifted its position in Walt Disney by 16.5% in the first quarter. Stratos Investment Management LLC now owns 3,044 shares of the entertainment giant’s stock worth $301,000 after buying an additional 431 shares during the last quarter. Personal CFO Solutions LLC lifted its position in Walt Disney by 22.6% in the first quarter. Personal CFO Solutions LLC now owns 7,235 shares of the entertainment giant’s stock worth $714,000 after buying an additional 1,334 shares during the last quarter. Finally, Flossbach Von Storch SE lifted its position in Walt Disney by 0.6% in the first quarter. Flossbach Von Storch SE now owns 389,507 shares of the entertainment giant’s stock worth $38,444,000 after buying an additional 2,224 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group raised their price target on Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Arete Research upgraded Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.90.

Walt Disney Stock Down 0.1%

NYSE:DIS opened at $111.39 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a market cap of $200.27 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The stock has a fifty day simple moving average of $113.75 and a 200-day simple moving average of $113.45. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. Analysts anticipate 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.