Bellevue Asset Management LLC Lowers Position in The Walt Disney Company (NYSE:DIS)

Bellevue Asset Management LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 18.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,208 shares of the entertainment giant’s stock after selling 265 shares during the period. Bellevue Asset Management LLC’s holdings in Walt Disney were worth $135,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the 4th quarter worth $28,000. Tacita Capital Inc lifted its position in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in Walt Disney in the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney in the fourth quarter worth $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.3 %

DIS opened at $109.29 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market cap of $197.58 billion, a P/E ratio of 35.60, a PEG ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The business’s 50-day simple moving average is $110.56 and its 200-day simple moving average is $103.94.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on DIS shares. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

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.