BBR Partners LLC Decreases Position in The Walt Disney Company (NYSE:DIS)

BBR Partners LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 9.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,142 shares of the entertainment giant’s stock after selling 1,321 shares during the quarter. BBR Partners LLC’s holdings in Walt Disney were worth $1,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Impax Asset Management Group plc lifted its stake in Walt Disney by 4.5% in the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after buying an additional 27,806 shares in the last quarter. M&G PLC purchased a new position in Walt Disney in the 3rd quarter valued at about $1,250,000. Forte Capital LLC ADV lifted its stake in Walt Disney by 2.3% in the 3rd quarter. Forte Capital LLC ADV now owns 9,752 shares of the entertainment giant’s stock valued at $938,000 after buying an additional 220 shares in the last quarter. Graypoint LLC lifted its stake in Walt Disney by 4.1% in the 3rd quarter. Graypoint LLC now owns 25,810 shares of the entertainment giant’s stock valued at $2,483,000 after buying an additional 1,011 shares in the last quarter. Finally, Advisor Resource Council purchased a new position in Walt Disney in the 3rd quarter valued at about $212,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Down 3.5 %

Walt Disney stock opened at $105.47 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 has a 50 day moving average price of $110.42 and a 200 day moving average price of $103.95. The company has a market capitalization of $190.66 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Bank of America increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.