Princeton Capital Management LLC Sells 20,740 Shares of The Walt Disney Company (NYSE:DIS)

Princeton Capital Management LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 51.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,203 shares of the entertainment giant’s stock after selling 20,740 shares during the period. Walt Disney accounts for approximately 0.7% of Princeton Capital Management LLC’s holdings, making the stock its 29th largest position. Princeton Capital Management LLC’s holdings in Walt Disney were worth $2,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $35,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $100.24 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market cap of $181.21 billion, a PE ratio of 32.65, 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 firm’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $104.86.

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, 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%. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on DIS. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Morgan Stanley upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.64.

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.