M. Kraus & Co Sells 1,453 Shares of The Walt Disney Company $DIS

M. Kraus & Co lowered its position in The Walt Disney Company (NYSE:DIS) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,522 shares of the entertainment giant’s stock after selling 1,453 shares during the period. Walt Disney accounts for about 0.8% of M. Kraus & Co’s investment portfolio, making the stock its 29th largest holding. M. Kraus & Co’s holdings in Walt Disney were worth $2,793,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. raised its position in shares of Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the 1st quarter valued at approximately $26,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. RMG Wealth Management LLC bought a new position in Walt Disney during the 2nd quarter valued at approximately $49,000. Finally, Wolff Wiese Magana LLC increased its position in Walt Disney by 41.5% during the 2nd quarter. Wolff Wiese Magana LLC now owns 460 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 135 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. JPMorgan Chase & Co. raised their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. UBS Group raised their price objective on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Barclays raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their price objective on Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.18.

Walt Disney Stock Performance

DIS stock opened at $110.91 on Friday. The company has a market cap of $199.41 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.54. The Walt Disney Company has a 1 year low of $80.10 and a 1 year 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’s fifty day moving average price is $115.51 and its 200-day moving average price is $110.29.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The firm had revenue of $23.65 billion for 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 company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.