First Manhattan CO. LLC. Trims Stock Position in The Walt Disney Company (NYSE:DIS)

First Manhattan CO. LLC. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,316 shares of the entertainment giant’s stock after selling 36,427 shares during the quarter. First Manhattan CO. LLC.’s holdings in Walt Disney were worth $31,092,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Trek Financial LLC lifted its position in shares of Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after buying an additional 30,057 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC raised its position in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after purchasing an additional 9,967 shares during the period. Avanza Fonder AB purchased a new position in shares of Walt Disney during the 4th quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC bought a new position in Walt Disney in the 4th quarter worth $446,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 3.1 %

NYSE:DIS opened at $105.26 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 firm has a market cap of $190.28 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a 50-day moving average of $93.92 and a 200 day moving average of $104.05. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Walt Disney’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DIS. UBS Group upped their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital upped their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim 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 research report on Thursday. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.54.

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.