North Capital Inc. Sells 459 Shares of The Walt Disney Company $DIS

North Capital Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 15.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,608 shares of the entertainment giant’s stock after selling 459 shares during the quarter. North Capital Inc.’s holdings in Walt Disney were worth $323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J. Safra Sarasin Holding AG boosted its stake in shares of Walt Disney by 8.1% during the 1st quarter. J. Safra Sarasin Holding AG now owns 222,747 shares of the entertainment giant’s stock worth $21,983,000 after acquiring an additional 16,781 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Walt Disney during the 2nd quarter valued at $4,220,599,000. Wedge Capital Management L L P NC boosted its position in Walt Disney by 8,744.0% during the second quarter. Wedge Capital Management L L P NC now owns 320,329 shares of the entertainment giant’s stock worth $39,724,000 after purchasing an additional 316,707 shares during the period. Lodge Hill Capital LLC acquired a new position in shares of Walt Disney in the first quarter valued at $24,373,000. Finally, Border to Coast Pensions Partnership Ltd raised its position in shares of Walt Disney by 13.6% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 502,961 shares of the entertainment giant’s stock valued at $62,372,000 after purchasing an additional 60,353 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Morgan Stanley upped their price objective on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Evercore ISI lifted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 0.9%

Shares of DIS opened at $110.38 on Friday. The firm has a 50 day simple moving average of $113.61 and a two-hundred day simple moving average of $113.43. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The company has a market cap of $198.45 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.45 and a beta of 1.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. Walt Disney’s revenue was up 2.1% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.