Schrum Private Wealth Management LLC Has $284,000 Stake in The Walt Disney Company $DIS

Schrum Private Wealth Management LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 28.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,290 shares of the entertainment giant’s stock after selling 900 shares during the period. Schrum Private Wealth Management LLC’s holdings in Walt Disney were worth $284,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AMI Investment Management Inc. increased its holdings in Walt Disney by 4.2% during the 2nd quarter. AMI Investment Management Inc. now owns 37,811 shares of the entertainment giant’s stock valued at $4,689,000 after purchasing an additional 1,528 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Walt Disney by 3.7% in the second quarter. Maryland State Retirement & Pension System now owns 88,021 shares of the entertainment giant’s stock worth $10,915,000 after purchasing an additional 3,100 shares in the last quarter. Optas LLC boosted its stake in Walt Disney by 122.1% in the second quarter. Optas LLC now owns 17,628 shares of the entertainment giant’s stock worth $2,186,000 after purchasing an additional 9,691 shares in the last quarter. Eagle Strategies LLC acquired a new position in Walt Disney in the second quarter worth $246,000. Finally, Clear Creek Financial Management LLC boosted its stake in Walt Disney by 5.9% in the second quarter. Clear Creek Financial Management LLC now owns 7,930 shares of the entertainment giant’s stock worth $984,000 after purchasing an additional 444 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. Rosenblatt Securities boosted their price objective on Walt Disney from $140.00 to $141.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Guggenheim boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Tuesday, September 23rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.18.

Walt Disney Stock Down 0.6%

Shares of NYSE:DIS opened at $111.83 on Thursday. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a 50 day moving average of $115.67 and a 200-day moving average of $110.22. 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 stock has a market cap of $201.06 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.48 and a beta of 1.54.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Walt Disney’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.