Prosperity Consulting Group LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Prosperity Consulting Group LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,606 shares of the entertainment giant’s stock after selling 1,471 shares during the period. Prosperity Consulting Group LLC’s holdings in Walt Disney were worth $755,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Gold Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter valued at $28,000. ESL Trust Services LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $31,000. Frank Rimerman Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $37,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Walt Disney by 30.7% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 498 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 117 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $90.55 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. 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 capitalization of $164.22 billion, a P/E ratio of 98.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40. The company’s 50-day moving average is $91.06 and its 200 day moving average is $102.55.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that The Walt Disney Company will post 4.92 EPS for the current year.

Insider Activity

In related news, Director Calvin Mcdonald purchased 11,756 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares of the company’s stock, valued at approximately $1,897,943.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. Wells Fargo & Company cut their price objective on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC dropped their target price on shares of Walt Disney from $145.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Macquarie dropped their target price on shares of Walt Disney from $107.00 to $94.00 and set a “neutral” rating for the company in a report on Monday, August 12th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.95.

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.