Manhattan West Asset Management LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Manhattan West Asset Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,025 shares of the entertainment giant’s stock after selling 574 shares during the quarter. Manhattan West Asset Management LLC’s holdings in Walt Disney were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter valued at about $32,000. Midwest Capital Advisors LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $34,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $84.92 on Friday. The stock has a market cap of $153.52 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The firm has a fifty day moving average price of $101.83 and a 200-day moving average price of $104.75. 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 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 net margin of 6.07% and a return on equity of 9.95%. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of several analyst reports. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.13.

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.