Carnegie Capital Asset Management LLC Grows Stock Position in Walt Disney Co (NYSE:DIS)

Carnegie Capital Asset Management LLC increased its holdings in Walt Disney Co (NYSE:DIS) by 11.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 197,971 shares of the entertainment giant’s stock after purchasing an additional 21,073 shares during the quarter. Walt Disney makes up about 1.3% of Carnegie Capital Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Carnegie Capital Asset Management LLC’s holdings in Walt Disney were worth $19,125,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DIS. Candriam Luxembourg S.C.A. lifted its holdings in Walt Disney by 31.4% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 631,644 shares of the entertainment giant’s stock valued at $91,365,000 after purchasing an additional 151,060 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in Walt Disney by 4.2% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 99,661 shares of the entertainment giant’s stock valued at $14,414,000 after purchasing an additional 4,043 shares in the last quarter. Pegasus Asset Management Inc. lifted its holdings in Walt Disney by 7.3% in the 4th quarter. Pegasus Asset Management Inc. now owns 21,010 shares of the entertainment giant’s stock valued at $3,039,000 after purchasing an additional 1,423 shares in the last quarter. Allen Capital Group LLC lifted its holdings in Walt Disney by 4.6% in the 4th quarter. Allen Capital Group LLC now owns 5,851 shares of the entertainment giant’s stock valued at $846,000 after purchasing an additional 259 shares in the last quarter. Finally, Lucia Wealth Services LLC lifted its holdings in Walt Disney by 4.4% in the 4th quarter. Lucia Wealth Services LLC now owns 8,728 shares of the entertainment giant’s stock valued at $1,262,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

DIS opened at $118.02 on Friday. The firm has a 50 day moving average price of $104.80 and a 200 day moving average price of $127.09. The company has a market cap of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period last year, the company posted $1.61 EPS. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, sell-side analysts predict that Walt Disney Co will post 2.09 earnings per share for the current year.

A number of research analysts have issued reports on DIS shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Cowen upped their price objective on shares of Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada dropped their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Zacks Investment Research downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $122.00 price objective for the company. in a research note on Wednesday, March 4th. Finally, SunTrust Banks upped their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.58.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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