KCM Investment Advisors LLC Has $4.50 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

KCM Investment Advisors LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 6.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 46,829 shares of the entertainment giant’s stock after selling 3,352 shares during the quarter. KCM Investment Advisors LLC’s holdings in Walt Disney were worth $4,504,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in shares of Walt Disney by 8.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock worth $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Summit Global Investments lifted its holdings in shares of Walt Disney by 476.0% during the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Lmcg Investments LLC lifted its holdings in shares of Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the period. American Assets Inc. bought a new position in Walt Disney in the 3rd quarter valued at approximately $962,000. Finally, ICICI Prudential Asset Management Co Ltd lifted its stake in Walt Disney by 92.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after purchasing an additional 44,535 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 3.4 %

Shares of DIS traded up $3.72 during trading hours on Friday, reaching $112.84. 7,311,009 shares of the stock traded hands, compared to its average volume of 10,893,945. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $95.03 and a 200 day simple moving average of $96.77. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $204.65 billion, a price-to-earnings ratio of 43.12, a PEG ratio of 1.67 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James restated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. UBS Group decreased their price target 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, August 8th. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.68.

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.