Sandy Spring Bank Sells 7,858 Shares of The Walt Disney Company (NYSE:DIS)

Sandy Spring Bank decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,983 shares of the entertainment giant’s stock after selling 7,858 shares during the quarter. Sandy Spring Bank’s holdings in Walt Disney were worth $11,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal London Asset Management Ltd. increased its holdings in shares of Walt Disney by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 797,512 shares of the entertainment giant’s stock worth $88,803,000 after purchasing an additional 8,462 shares during the period. Kazazian Asset Management LLC bought a new position in shares of Walt Disney in the fourth quarter worth $21,923,000. Generali Investments Management Co LLC bought a new position in shares of Walt Disney in the fourth quarter worth $4,698,000. GM Advisory Group LLC increased its holdings in shares of Walt Disney by 5.2% in the fourth quarter. GM Advisory Group LLC now owns 18,775 shares of the entertainment giant’s stock worth $2,091,000 after purchasing an additional 928 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Walt Disney in the fourth quarter worth $65,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DIS shares. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. 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. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

DIS stock opened at $100.33 on Thursday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market cap of $181.38 billion, a P/E ratio of 32.68, a PEG ratio of 1.80 and a beta of 1.41. The firm has a 50-day moving average of $108.45 and a 200 day moving average of $104.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.