Renaissance Investment Group LLC lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,562 shares of the entertainment giant’s stock after selling 729 shares during the quarter. Walt Disney comprises approximately 1.9% of Renaissance Investment Group LLC’s holdings, making the stock its 26th largest holding. Renaissance Investment Group LLC’s holdings in Walt Disney were worth $3,900,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DIS. Eagle Capital Management LLC grew its stake in shares of Walt Disney by 2.3% during the third quarter. Eagle Capital Management LLC now owns 26,193 shares of the entertainment giant’s stock valued at $3,063,000 after acquiring an additional 589 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Walt Disney during the third quarter valued at about $330,000. Bartlett & Co. LLC grew its stake in shares of Walt Disney by 1.3% during the third quarter. Bartlett & Co. LLC now owns 450,994 shares of the entertainment giant’s stock valued at $52,739,000 after acquiring an additional 5,880 shares in the last quarter. Somerville Kurt F grew its stake in shares of Walt Disney by 45.3% during the third quarter. Somerville Kurt F now owns 3,290 shares of the entertainment giant’s stock valued at $385,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Puzo Michael J acquired a new stake in shares of Walt Disney during the third quarter valued at about $507,000. 63.71% of the stock is owned by hedge funds and other institutional investors.

Shares of DIS stock opened at $114.96 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The stock has a market cap of $170.56 billion, a PE ratio of 16.24, a P/E/G ratio of 2.75 and a beta of 0.91.

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

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

Several brokerages have recently weighed in on DIS. Wolfe Research began coverage on Walt Disney in a research note on Friday, December 7th. They set an “outperform” rating for the company. Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and raised their target price for the company from $113.00 to $129.00 in a research note on Tuesday, November 27th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. BMO Capital Markets raised their target price 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. Finally, Credit Suisse Group restated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research note on Tuesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $124.84.

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Walt Disney Company 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.

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

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