The Walt Disney Company $DIS Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,306 shares of the entertainment giant’s stock after selling 2,194 shares during the quarter. Montag A & Associates Inc.’s holdings in Walt Disney were worth $1,774,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock valued at $26,000 after buying an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at about $26,000. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney in the second quarter valued at about $37,000. RMG Wealth Management LLC acquired a new position in shares of Walt Disney during the second quarter worth about $49,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walt Disney during the second quarter worth about $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $114.93 on Wednesday. The stock has a fifty day moving average price of $113.26 and a 200 day moving average price of $114.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $206.64 billion, a PE ratio of 18.01, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Evercore ISI lifted their price target on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 11th. Arete Research raised Walt Disney to a “strong sell” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.90.

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.