Claro Advisors LLC Has $1.80 Million Stake in The Walt Disney Company $DIS

Claro Advisors LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 15.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,509 shares of the entertainment giant’s stock after selling 2,740 shares during the period. Claro Advisors LLC’s holdings in Walt Disney were worth $1,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atlas Wealth Partners LLC acquired a new stake in Walt Disney in the second quarter valued at $262,000. Cassaday & Co Wealth Management LLC increased its holdings in Walt Disney by 9.6% in the second quarter. Cassaday & Co Wealth Management LLC now owns 6,562 shares of the entertainment giant’s stock valued at $814,000 after purchasing an additional 574 shares during the period. NewSquare Capital LLC increased its holdings in Walt Disney by 115.7% in the second quarter. NewSquare Capital LLC now owns 1,165 shares of the entertainment giant’s stock valued at $144,000 after purchasing an additional 625 shares during the period. J. W. Coons Advisors LLC increased its holdings in Walt Disney by 1.6% in the second quarter. J. W. Coons Advisors LLC now owns 14,691 shares of the entertainment giant’s stock valued at $1,822,000 after purchasing an additional 230 shares during the period. Finally, McGinn Penninger Investment Management Inc. increased its holdings in Walt Disney by 3.9% in the second quarter. McGinn Penninger Investment Management Inc. now owns 53,774 shares of the entertainment giant’s stock valued at $6,669,000 after purchasing an additional 2,042 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $111.51 on Wednesday. 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 50-day moving average of $113.89 and a 200-day moving average of $113.47. The company has a market cap of $200.48 billion, a PE ratio of 17.48, a P/E/G ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on DIS. Barclays lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Evercore ISI lifted their price objective on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Morgan Stanley lifted their price objective on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Finally, Stephens reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

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.