Hutchinson Capital Management CA Decreases Stock Position in The Walt Disney Company (NYSE:DIS)

Hutchinson Capital Management CA lowered its stake in The Walt Disney Company (NYSE:DIS) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,299 shares of the entertainment giant’s stock after selling 151 shares during the period. Hutchinson Capital Management CA’s holdings in Walt Disney were worth $590,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. United Bank increased its holdings in Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after purchasing an additional 712 shares during the period. Aigen Investment Management LP purchased a new position in Walt Disney during the 3rd quarter valued at about $267,000. CIBC Asset Management Inc increased its holdings in Walt Disney by 9.2% during the 3rd quarter. CIBC Asset Management Inc now owns 319,189 shares of the entertainment giant’s stock valued at $30,702,000 after purchasing an additional 26,848 shares during the period. Empowered Funds LLC increased its holdings in Walt Disney by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 90,960 shares of the entertainment giant’s stock valued at $8,749,000 after purchasing an additional 6,507 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Walt Disney by 2.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 144,684 shares of the entertainment giant’s stock valued at $13,917,000 after purchasing an additional 4,124 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six equities 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, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

DIS stock opened at $98.73 on Friday. The stock has a market capitalization of $178.48 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $109.10 and its 200 day simple moving average is $104.35.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.