Carnegie Lake Advisors LLC Sells 848 Shares of The Walt Disney Company $DIS

Carnegie Lake Advisors LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 2.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 30,665 shares of the entertainment giant’s stock after selling 848 shares during the quarter. Walt Disney comprises approximately 1.5% of Carnegie Lake Advisors LLC’s portfolio, making the stock its 17th largest holding. Carnegie Lake Advisors LLC’s holdings in Walt Disney were worth $3,803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DIS. Vestmark Advisory Solutions Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at about $2,169,000. Sterling Capital Management LLC grew its stake in shares of Walt Disney by 122.6% during the second quarter. Sterling Capital Management LLC now owns 73,370 shares of the entertainment giant’s stock valued at $9,099,000 after purchasing an additional 40,404 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its stake in shares of Walt Disney by 6.2% during the second quarter. Walkner Condon Financial Advisors LLC now owns 3,051 shares of the entertainment giant’s stock valued at $378,000 after purchasing an additional 178 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the second quarter valued at approximately $235,000. Finally, Texas Yale Capital Corp. raised its position in Walt Disney by 3.0% in the 2nd quarter. Texas Yale Capital Corp. now owns 31,198 shares of the entertainment giant’s stock worth $3,869,000 after purchasing an additional 915 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $110.38 on Friday. The stock has a 50-day moving average of $113.61 and a 200-day moving average of $113.43. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a market cap of $198.45 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (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 firm 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 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Evercore ISI raised their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Stephens restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus 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.