The Walt Disney Company (NYSE:DIS) Position Reduced by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,680 shares of the entertainment giant’s stock after selling 1,700 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Walt Disney were worth $1,189,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after buying an additional 490,681 shares in the last quarter. Geode Capital Management LLC lifted its stake in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. FMR LLC lifted its stake in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Jennison Associates LLC lifted its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Prescient Securities dropped their price objective on 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Up 0.7 %

Shares of DIS stock opened at $99.51 on Monday. The stock 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 Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The stock has a fifty day moving average price of $108.04 and a 200 day moving average price of $104.78. 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 earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.