Mitchell Sinkler & Starr PA Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Mitchell Sinkler & Starr PA lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 67,232 shares of the entertainment giant’s stock after selling 200 shares during the quarter. Walt Disney makes up 2.0% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 17th biggest position. Mitchell Sinkler & Starr PA’s holdings in Walt Disney were worth $7,486,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allstate Corp purchased a new position in Walt Disney in the 4th quarter valued at approximately $6,003,000. Maridea Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter worth approximately $1,142,000. Brown Brothers Harriman & Co. grew its stake in shares of Walt Disney by 0.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 41,386 shares of the entertainment giant’s stock worth $4,608,000 after purchasing an additional 202 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in Walt Disney by 17.1% during the 4th quarter. RiverFront Investment Group LLC now owns 6,851 shares of the entertainment giant’s stock worth $763,000 after buying an additional 1,002 shares during the last quarter. Finally, Horizon Investment Services LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $1,267,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Trading Down 2.4 %

Shares of NYSE DIS opened at $98.02 on Friday. The stock has a market capitalization of $177.19 billion, a P/E ratio of 31.93, a PEG ratio of 1.80 and a beta of 1.41. The stock’s 50 day moving average price is $107.31 and its two-hundred day moving average price is $104.96. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.