Princeton Capital Management LLC Sells 2,835 Shares of The Walt Disney Company $DIS

Princeton Capital Management LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,087 shares of the entertainment giant’s stock after selling 2,835 shares during the period. Princeton Capital Management LLC’s holdings in Walt Disney were worth $1,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the 1st quarter worth $26,000. DiNuzzo Private Wealth Inc. raised its holdings in Walt Disney by 82.5% in the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at about $37,000. RMG Wealth Management LLC bought a new stake in shares of Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of Walt Disney in the 1st quarter worth approximately $53,000. 65.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of analyst reports. Wall Street Zen cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Arete Research raised Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Down 0.9%

Walt Disney stock opened at $110.38 on Friday. The business’s 50-day simple moving average is $113.61 and its two-hundred day simple moving average is $113.43. 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 company has a market cap of $198.45 billion, a PE ratio of 17.30, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion during the quarter, compared to analysts’ expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.39 earnings per share. Equities analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.