Carolina Wealth Advisors LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Carolina Wealth Advisors LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DISFree Report) by 31.2% in the 1st quarter, Holdings Channel reports. The firm owned 318 shares of the entertainment giant’s stock after selling 144 shares during the period. Carolina Wealth Advisors LLC’s holdings in Walt Disney were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Planned Solutions Inc. purchased a new stake in Walt Disney during the fourth quarter valued at approximately $26,000. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the fourth quarter valued at approximately $28,000. Partnership Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $33,000. Stone House Investment Management LLC increased its holdings in Walt Disney by 355.3% during the fourth quarter. Stone House Investment Management LLC now owns 346 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 270 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in Walt Disney during the third quarter valued at approximately $30,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.0 %

Shares of DIS traded down $0.02 during midday trading on Wednesday, hitting $101.50. The stock had a trading volume of 7,044,674 shares, compared to its average volume of 8,173,771. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $123.74. The firm has a market cap of $185.04 billion, a PE ratio of 110.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The stock’s 50 day moving average is $106.76 and its 200 day moving average is $104.20.

Walt Disney (NYSE:DISGet Free Report) last announced its earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. Walt Disney had a net margin of 1.90% and a return on equity of 8.37%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. As a group, analysts forecast that The Walt Disney Company will post 4.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. UBS Group reduced their target price on shares of Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Guggenheim upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Bank of America upped their price target on shares of Walt Disney from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. assumed coverage on shares of Walt Disney in a research report on Thursday, April 11th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Daiwa Capital Markets reiterated a “buy” rating and issued a $133.00 price target on shares of Walt Disney in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.29.

View Our Latest Research Report on DIS

Insider Buying and Selling

In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Sonia L. Coleman sold 4,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $106.00, for a total value of $466,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James P. Gorman purchased 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $106.03 per share, for a total transaction of $2,120,600.00. Following the purchase, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by insiders.

About Walt Disney

(Free Report)

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.

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

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