D L Carlson Investment Group Inc. Sells 7,905 Shares of Walt Disney Co (NYSE:DIS)

D L Carlson Investment Group Inc. lessened its position in shares of Walt Disney Co (NYSE:DIS) by 56.3% during the third quarter, HoldingsChannel.com reports. The fund owned 6,142 shares of the entertainment giant’s stock after selling 7,905 shares during the period. D L Carlson Investment Group Inc.’s holdings in Walt Disney were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DIS. Marshall Wace LLP grew its stake in Walt Disney by 571.8% in the 2nd quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock worth $163,166,000 after buying an additional 994,529 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Walt Disney by 6.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after buying an additional 667 shares in the last quarter. Halbert Hargrove Russell LLC purchased a new position in Walt Disney in the 2nd quarter worth approximately $599,000. Markel Corp grew its stake in Walt Disney by 0.9% in the 2nd quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock worth $254,564,000 after buying an additional 16,500 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in Walt Disney in the 2nd quarter worth approximately $15,573,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research note on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. UBS Group cut their price objective on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday. Imperial Capital cut their price objective on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research note on Thursday, September 19th. Finally, Wells Fargo & Co cut their price objective on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and an average target price of $150.47.

Shares of DIS opened at $137.96 on Friday. The stock has a market capitalization of $248.52 billion, a P/E ratio of 19.49, a PEG ratio of 4.43 and a beta of 0.96. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $131.00 and a two-hundred day simple moving average of $136.12. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $147.15.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. Sell-side analysts expect that Walt Disney Co will post 5.74 EPS for the current fiscal year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Recommended Story: Compound Interest and Why It Matters When Investing

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.