Carret Asset Management LLC Sells 577 Shares of The Walt Disney Company (NYSE:DIS)

Carret Asset Management LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,416 shares of the entertainment giant’s stock after selling 577 shares during the quarter. Carret Asset Management LLC’s holdings in Walt Disney were worth $7,507,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Impax Asset Management Group plc increased its position in Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after acquiring an additional 27,806 shares during the period. United Bank increased its position in Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after acquiring an additional 712 shares during the period. Los Angeles Capital Management LLC increased its position in Walt Disney by 44.9% during the third quarter. Los Angeles Capital Management LLC now owns 13,363 shares of the entertainment giant’s stock worth $1,285,000 after acquiring an additional 4,139 shares during the period. Harbour Investments Inc. increased its position in Walt Disney by 4.8% during the third quarter. Harbour Investments Inc. now owns 21,978 shares of the entertainment giant’s stock worth $2,114,000 after acquiring an additional 1,012 shares during the period. Finally, Aigen Investment Management LP bought a new position in Walt Disney during the third quarter worth about $267,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Down 2.0 %

NYSE:DIS opened at $96.76 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The firm’s 50 day simple moving average is $109.35 and its 200 day simple moving average is $104.30. The company has a market cap of $174.91 billion, a PE ratio of 31.52, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Sanford C. Bernstein increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.64.

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.