Private Asset Management Inc. trimmed its holdings in Walt Disney Co (NYSE:DIS) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 76,258 shares of the entertainment giant’s stock after selling 22,756 shares during the period. Walt Disney makes up approximately 1.3% of Private Asset Management Inc.’s holdings, making the stock its 28th largest holding. Private Asset Management Inc.’s holdings in Walt Disney were worth $8,199,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. QUANTRES ASSET MANAGEMENT Ltd increased its holdings in shares of Walt Disney by 326.0% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 21,300 shares of the entertainment giant’s stock valued at $2,290,000 after acquiring an additional 16,300 shares during the period. Aurora Investment Counsel acquired a new position in shares of Walt Disney in the 4th quarter valued at $2,432,000. Hefty Wealth Partners acquired a new position in shares of Walt Disney in the 4th quarter valued at $921,000. Washington Trust Bank increased its holdings in shares of Walt Disney by 5.7% in the 4th quarter. Washington Trust Bank now owns 70,371 shares of the entertainment giant’s stock valued at $7,565,000 after acquiring an additional 3,786 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Walt Disney by 3.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,406,988 shares of the entertainment giant’s stock valued at $335,827,000 after acquiring an additional 111,031 shares during the period. 61.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Co (NYSE DIS) opened at $105.98 on Wednesday. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $160,186.61, a PE ratio of 17.64, a P/E/G ratio of 1.82 and a beta of 1.30.
A number of equities analysts have recently commented on DIS shares. Macquarie raised shares of Walt Disney from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $112.00 to $125.00 in a report on Tuesday, January 2nd. Goldman Sachs Group lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Pivotal Research reiterated a “sell” rating and issued a $93.00 price objective (up from $91.00) on shares of Walt Disney in a research report on Tuesday, January 9th. Loop Capital reiterated a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a research report on Monday, December 11th. Finally, Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $118.59.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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