Carlton Hofferkamp & Jenks Wealth Management LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,480 shares of the entertainment giant’s stock after selling 564 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Walt Disney were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 153,769,084 shares of the entertainment giant’s stock worth $18,815,185,000 after buying an additional 2,325,582 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock valued at $1,477,831,000 after acquiring an additional 1,449,730 shares during the last quarter. Legal & General Group Plc grew its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock valued at $1,417,958,000 after acquiring an additional 425,438 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Walt Disney by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after purchasing an additional 293,482 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Walt Disney by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock worth $988,290,000 after purchasing an additional 102,210 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Evercore ISI increased their price target on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Seaport Res Ptn upgraded Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley decreased their target price on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Piper Sandler assumed coverage on shares of Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Finally, Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Walt Disney Stock Up 0.2 %

Shares of Walt Disney stock opened at $101.02 on Wednesday. The company has a 50-day simple moving average of $94.35 and a two-hundred day simple moving average of $96.65. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $183.21 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40.

Walt Disney Company 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.