Umpqua Bank Sells 2,039 Shares of The Walt Disney Company (NYSE:DIS)

Umpqua Bank reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,707 shares of the entertainment giant’s stock after selling 2,039 shares during the quarter. Umpqua Bank’s holdings in Walt Disney were worth $1,590,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. United Bank increased its holdings in Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after purchasing an additional 712 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Walt Disney in the 3rd quarter worth $101,000. Advisors Asset Management Inc. lifted its position in Walt Disney by 7.7% during the third quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock valued at $2,826,000 after purchasing an additional 2,110 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Walt Disney by 3.7% during the third quarter. Pacer Advisors Inc. now owns 134,529 shares of the entertainment giant’s stock valued at $12,940,000 after acquiring an additional 4,842 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of Walt Disney by 49.2% in the third quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,485,000 after purchasing an additional 4,947 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Walt Disney stock opened at $99.51 on Friday. The firm’s 50 day simple moving average is $108.04 and its 200-day simple moving average is $104.58. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market cap of $179.89 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the topic of several analyst reports. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.64.

About Walt Disney

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.