Arcus Capital Partners LLC Lowers Holdings in Walt Disney Co (NYSE:DIS)

Arcus Capital Partners LLC trimmed its holdings in Walt Disney Co (NYSE:DIS) by 28.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,458 shares of the entertainment giant’s stock after selling 996 shares during the period. Arcus Capital Partners LLC’s holdings in Walt Disney were worth $274,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. TD Capital Management LLC purchased a new position in shares of Walt Disney during the first quarter worth about $29,000. Carolina Wealth Advisors LLC lifted its position in shares of Walt Disney by 53.3% during the 1st quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 114 shares during the period. Sofos Investments Inc. lifted its position in shares of Walt Disney by 238.5% during the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 916 shares during the period. Marquette Asset Management LLC lifted its position in shares of Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares during the period. Finally, Horan Securities Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at approximately $36,000. Institutional investors own 62.66% of the company’s stock.

DIS has been the subject of several research reports. Barclays restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Thursday. Imperial Capital reiterated a “sell” rating and issued a $105.00 price objective on shares of Walt Disney in a report on Monday, June 22nd. Credit Suisse Group upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $146.00 in a report on Wednesday. Royal Bank of Canada cut their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $128.37.

Shares of NYSE:DIS traded up $3.21 during midday trading on Thursday, reaching $130.82. 27,163,496 shares of the company’s stock were exchanged, compared to its average volume of 17,245,863. The company’s 50 day simple moving average is $115.85 and its two-hundred day simple moving average is $116.58. The firm has a market capitalization of $235.05 billion, a PE ratio of -211.00, a price-to-earnings-growth ratio of 13.54 and a beta of 1.10. Walt Disney Co has a 12 month low of $79.07 and a 12 month 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 released its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.72. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.51%. The firm’s revenue for the quarter was down 41.7% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. On average, research analysts anticipate that Walt Disney Co will post 1.38 earnings per share for the current year.

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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