Culbertson A N & Co. Inc. lessened its stake in Walt Disney Co (NYSE:DIS) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 24,429 shares of the entertainment giant’s stock after selling 1,061 shares during the period. Culbertson A N & Co. Inc.’s holdings in Walt Disney were worth $2,679,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Eagle Capital Management LLC raised its stake in shares of Walt Disney by 2.3% during the 3rd quarter. Eagle Capital Management LLC now owns 26,193 shares of the entertainment giant’s stock worth $3,063,000 after buying an additional 589 shares during the period. Canton Hathaway LLC acquired a new position in shares of Walt Disney during the 3rd quarter worth approximately $107,000. Community Bank & Trust Waco Texas raised its stake in shares of Walt Disney by 35.9% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 9,152 shares of the entertainment giant’s stock worth $1,070,000 after buying an additional 2,416 shares during the period. Private Capital Advisors Inc. acquired a new position in shares of Walt Disney during the 3rd quarter worth approximately $3,617,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 282,519 shares of the entertainment giant’s stock worth $33,037,000 after buying an additional 2,280 shares during the period. Hedge funds and other institutional investors own 63.71% of the company’s stock.

In other Walt Disney news, EVP Brent Woodford sold 723 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $110.10, for a total value of $79,602.30. Following the completion of the sale, the executive vice president now directly owns 23,034 shares of the company’s stock, valued at approximately $2,536,043.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now directly owns 106,390 shares of the company’s stock, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold a total of 12,148 shares of company stock valued at $1,336,704 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Several brokerages have recently weighed in on DIS. Edward Jones raised Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Tigress Financial reissued a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. BMO Capital Markets increased their price objective on Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research note on Thursday, February 7th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, Credit Suisse Group reissued a “hold” rating and issued a $114.00 price objective on shares of Walt Disney in a research note on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $124.84.

NYSE DIS opened at $114.48 on Friday. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The firm has a market capitalization of $171.04 billion, a P/E ratio of 16.17, a PEG ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. During the same period last year, the company earned $1.89 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts forecast that Walt Disney Co will post 7.09 earnings per share for the current year.

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Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: How to calculate the intrinsic value of a stock

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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