Sterling Investment Counsel LLC Sells 11,360 Shares of The Walt Disney Company $DIS

Sterling Investment Counsel LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 65.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,895 shares of the entertainment giant’s stock after selling 11,360 shares during the period. Sterling Investment Counsel LLC’s holdings in Walt Disney were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DIS. Brighton Jones LLC raised its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant’s stock valued at $2,980,000 after purchasing an additional 1,904 shares in the last quarter. Apella Capital LLC raised its position in Walt Disney by 32.3% during the first quarter. Apella Capital LLC now owns 9,509 shares of the entertainment giant’s stock valued at $870,000 after purchasing an additional 2,319 shares in the last quarter. Sendero Wealth Management LLC raised its position in Walt Disney by 8.9% during the first quarter. Sendero Wealth Management LLC now owns 4,746 shares of the entertainment giant’s stock valued at $468,000 after purchasing an additional 386 shares in the last quarter. Warren Street Wealth Advisors LLC raised its position in Walt Disney by 35.2% during the first quarter. Warren Street Wealth Advisors LLC now owns 2,700 shares of the entertainment giant’s stock valued at $266,000 after purchasing an additional 703 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in Walt Disney by 4.4% during the first quarter. LS Investment Advisors LLC now owns 73,696 shares of the entertainment giant’s stock valued at $7,274,000 after purchasing an additional 3,075 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on DIS shares. Wall Street Zen downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Guggenheim upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.18.

Walt Disney Stock Down 0.7%

Shares of NYSE:DIS opened at $112.14 on Friday. The firm has a market cap of $201.62 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.48 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69. The business has a fifty day simple moving average of $116.30 and a 200 day simple moving average of $109.86.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.