Logan Capital Management Inc. Lowers Position in The Walt Disney Company (NYSE:DIS)

Logan Capital Management Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,195 shares of the entertainment giant’s stock after selling 5,151 shares during the period. Logan Capital Management Inc.’s holdings in Walt Disney were worth $5,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DIS. Trek Financial LLC increased its holdings in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after acquiring an additional 30,057 shares during the period. Brookstone Capital Management grew its stake in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC raised its holdings in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Walt Disney during the fourth quarter valued at about $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $446,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Finally, Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.54.

Walt Disney Stock Up 0.8%

Walt Disney stock opened at $105.93 on Monday. The stock has a market cap of $191.50 billion, a PE ratio of 34.50, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock’s fifty day moving average is $93.86 and its two-hundred day moving average is $104.22. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.