Clarius Group LLC Cuts Position in The Walt Disney Company (NYSE:DIS)

Clarius Group LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,624 shares of the entertainment giant’s stock after selling 2,803 shares during the period. Clarius Group LLC’s holdings in Walt Disney were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Markel Corp boosted its position in Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock worth $263,713,000 after purchasing an additional 42,500 shares in the last quarter. Fairfield Bush & CO. raised its stake in shares of Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock worth $1,320,000 after buying an additional 320 shares during the last quarter. United Bank boosted its position in shares of Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after buying an additional 794 shares in the last quarter. AMI Investment Management Inc. grew its stake in Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after acquiring an additional 4,722 shares in the last quarter. 61.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on DIS shares. Truist Financial reiterated a “buy” rating and set a $105.00 target price on shares of Walt Disney in a report on Tuesday, September 19th. Citigroup decreased their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Guggenheim cut their target price on shares of Walt Disney from $125.00 to $115.00 in a research note on Tuesday, October 10th. StockNews.com raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Credit Suisse Group lowered their price target on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating for the company in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.30.

Walt Disney Trading Up 0.4 %

Shares of NYSE DIS traded up $0.33 during midday trading on Thursday, hitting $94.26. The stock had a trading volume of 3,035,074 shares, compared to its average volume of 13,232,537. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The Walt Disney Company has a 1-year low of $78.73 and a 1-year high of $118.18. The company has a market capitalization of $172.48 billion, a price-to-earnings ratio of 73.38, a PEG ratio of 1.56 and a beta of 1.30. The company has a fifty day moving average price of $83.42 and a 200 day moving average price of $87.31.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The firm had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $21.37 billion. During the same period in the previous year, the company posted $0.30 earnings per share. Walt Disney’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post 4.55 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.