The Walt Disney Company $DIS Shares Sold by TruNorth Capital Management LLC

TruNorth Capital Management LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 52.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 979 shares of the entertainment giant’s stock after selling 1,069 shares during the period. TruNorth Capital Management LLC’s holdings in Walt Disney were worth $121,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after buying an additional 200 shares in the last quarter. First PREMIER Bank grew its holdings in shares of Walt Disney by 72.2% during the first quarter. First PREMIER Bank now owns 489 shares of the entertainment giant’s stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in shares of Walt Disney during the first quarter worth $52,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.3%

NYSE DIS opened at $112.97 on Thursday. The firm’s 50-day moving average is $116.50 and its two-hundred day moving average is $109.77. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. 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 capitalization of $203.11 billion, a P/E ratio of 17.71, a PEG ratio of 1.66 and a beta of 1.54.

Walt Disney (NYSE:DIS) last posted 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 company had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DIS shares. Chardan Capital reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Rosenblatt Securities upped their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a “buy” rating in a report on Monday, August 11th. Evercore ISI upped their price objective on shares of 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 reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Wall Street Zen lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 20th. Nineteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.18.

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.