TruNorth Capital Management LLC Reduces Position in The Walt Disney Company $DIS

TruNorth Capital Management LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 52.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 979 shares of the entertainment giant’s stock after selling 1,069 shares during the period. TruNorth Capital Management LLC’s holdings in Walt Disney were worth $121,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. grew its position in Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Walt Disney during the 1st quarter valued at approximately $26,000. Kessler Investment Group LLC lifted its stake 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 acquiring an additional 200 shares during the period. Wolff Wiese Magana LLC lifted its stake in Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after acquiring an additional 135 shares during the period. Finally, First PREMIER Bank lifted its stake in Walt Disney by 72.2% during the 1st quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock valued at $48,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $112.97 on Thursday. 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 firm has a fifty day moving average price of $116.50 and a 200 day moving average price of $109.77. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The stock has a market cap of $203.11 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.66 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DIS. Wall Street Zen cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Chardan Capital restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley lifted 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 Monday, August 4th. Finally, Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $131.18.

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.