Conscious Wealth Investments LLC Trims Stock Position in The Walt Disney Company $DIS

Conscious Wealth Investments LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,710 shares of the entertainment giant’s stock after selling 204 shares during the period. Conscious Wealth Investments LLC’s holdings in Walt Disney were worth $565,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Petra Financial Advisors Inc. purchased a new position in Walt Disney during the second quarter worth about $204,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Walt Disney by 7.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,750 shares of the entertainment giant’s stock worth $8,650,000 after purchasing an additional 4,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Walt Disney by 18.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 285,000 shares of the entertainment giant’s stock worth $35,343,000 after purchasing an additional 44,700 shares during the period. Advisory Alpha LLC raised its stake in Walt Disney by 5.1% during the second quarter. Advisory Alpha LLC now owns 7,766 shares of the entertainment giant’s stock worth $963,000 after purchasing an additional 376 shares during the period. Finally, Facet Wealth Inc. acquired a new stake in shares of Walt Disney during the second quarter valued at about $293,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.5%

Shares of DIS stock opened at $112.28 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $201.87 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 1.46 and a beta of 1.54. The company has a 50 day moving average price of $114.56 and a 200 day moving average price of $112.13. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $23.69 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group cut shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.90.

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.