Telos Capital Management Inc. Trims Stake in The Walt Disney Company $DIS

Telos Capital Management Inc. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,005 shares of the entertainment giant’s stock after selling 582 shares during the quarter. Telos Capital Management Inc.’s holdings in Walt Disney were worth $9,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Walt Disney in the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. grew its holdings in Walt Disney by 82.5% in the second 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 period. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter worth about $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the second quarter worth about $49,000. Finally, Core Alternative Capital grew its holdings in Walt Disney by 71.0% in the first quarter. Core Alternative Capital now owns 542 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Citigroup upped their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a research note on Monday, August 11th. UBS Group upped their target price on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $132.90.

Walt Disney Stock Up 0.8%

Shares of Walt Disney stock opened at $112.70 on Monday. The company has a market cap of $202.63 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The company’s 50 day moving average is $114.12 and its 200 day moving average is $113.09. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating 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 business had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.