Grassi Investment Management Cuts Position in The Walt Disney Company (NYSE:DIS)

Grassi Investment Management lessened its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,874 shares of the entertainment giant’s stock after selling 14,655 shares during the period. Grassi Investment Management’s holdings in Walt Disney were worth $6,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. TD Capital Management LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth approximately $29,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $29,000. Coston McIsaac & Partners bought a new stake in shares of Walt Disney in the 2nd quarter worth approximately $38,000. IAG Wealth Partners LLC raised its holdings in shares of Walt Disney by 167.5% in the 3rd quarter. IAG Wealth Partners LLC now owns 412 shares of the entertainment giant’s stock worth $39,000 after purchasing an additional 258 shares during the period. Finally, Bell Investment Advisors Inc raised its holdings in shares of Walt Disney by 86.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 567 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 62.22% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the sale, the chief financial officer now directly owns 181,830 shares in the company, valued at $17,902,981.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the completion of the transaction, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at $17,902,981.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 18,110 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the transaction, the executive vice president now directly owns 33,186 shares of the company’s stock, valued at $3,267,493.56. The disclosure for this sale can be found here. Insiders sold a total of 62,921 shares of company stock worth $6,209,132 over the last three months. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 1.2 %

Shares of NYSE:DIS opened at $93.20 on Friday. The Walt Disney Company has a 52-week low of $84.07 and a 52-week high of $144.46. The firm has a fifty day moving average of $102.55 and a 200 day moving average of $99.80. The firm has a market capitalization of $170.26 billion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 0.99.

Walt Disney (NYSE:DIS – Get Rating) last announced its earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.30. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. The company had revenue of $23.51 billion during the quarter, compared to analyst estimates of $23.29 billion. During the same period in the previous year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 3.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, December 12th. Macquarie boosted their target price on shares of Walt Disney from $110.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Tigress Financial lowered their target price on shares of Walt Disney from $229.00 to $177.00 in a report on Tuesday, November 22nd. Royal Bank of Canada set a $130.00 target price on shares of Walt Disney in a report on Monday, November 21st. Finally, Rosenblatt Securities boosted their target price on shares of Walt Disney from $120.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.92.

Walt Disney Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.