J. L. Bainbridge & Co. Inc. Reduces Stake in The Walt Disney Company (NYSE:DIS)

J. L. Bainbridge & Co. Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,287 shares of the entertainment giant’s stock after selling 935 shares during the quarter. Walt Disney makes up approximately 2.3% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 18th largest position. J. L. Bainbridge & Co. Inc.’s holdings in Walt Disney were worth $24,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new stake in Walt Disney in the 4th quarter valued at $11,175,000. Brown Miller Wealth Management LLC grew its holdings in shares of Walt Disney by 1.2% during the 4th quarter. Brown Miller Wealth Management LLC now owns 34,290 shares of the entertainment giant’s stock worth $3,818,000 after purchasing an additional 405 shares during the period. Intact Investment Management Inc. grew its holdings in shares of Walt Disney by 13.1% during the 4th quarter. Intact Investment Management Inc. now owns 10,550 shares of the entertainment giant’s stock worth $1,175,000 after purchasing an additional 1,220 shares during the period. Atala Financial Inc purchased a new position in shares of Walt Disney during the 4th quarter worth $2,072,000. Finally, Integras Partners LLC purchased a new position in shares of Walt Disney during the 4th quarter worth $245,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 1.9 %

NYSE DIS opened at $98.73 on Friday. The stock has a market capitalization of $178.48 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a 50-day moving average price of $109.10 and a 200 day moving average price of $104.27. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on DIS shares. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.