The Walt Disney Company (NYSE:DIS) is Delta Asset Management LLC TN’s 10th Largest Position

Delta Asset Management LLC TN cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,934 shares of the entertainment giant’s stock after selling 6,209 shares during the period. Walt Disney accounts for about 2.8% of Delta Asset Management LLC TN’s portfolio, making the stock its 10th biggest position. Delta Asset Management LLC TN’s holdings in Walt Disney were worth $31,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. United Bank boosted its stake in shares of Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the period. Baldwin Investment Management LLC boosted its position in shares of Walt Disney by 12.3% during the third quarter. Baldwin Investment Management LLC now owns 8,666 shares of the entertainment giant’s stock valued at $834,000 after buying an additional 948 shares during the period. Townsquare Capital LLC boosted its position in shares of Walt Disney by 20.3% during the third quarter. Townsquare Capital LLC now owns 192,719 shares of the entertainment giant’s stock valued at $18,538,000 after buying an additional 32,584 shares during the period. RBO & Co. LLC grew its stake in shares of Walt Disney by 2.1% during the third quarter. RBO & Co. LLC now owns 149,444 shares of the entertainment giant’s stock valued at $14,375,000 after buying an additional 3,012 shares during the last quarter. Finally, RS Crum Inc. raised its holdings in shares of Walt Disney by 0.8% in the third quarter. RS Crum Inc. now owns 16,651 shares of the entertainment giant’s stock worth $1,602,000 after buying an additional 127 shares during the period. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

NYSE DIS opened at $100.65 on Thursday. The firm’s fifty day simple moving average is $107.61 and its two-hundred day simple moving average is $105.04. The firm has a market capitalization of $181.95 billion, a P/E ratio of 32.79, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.