Patten & Patten Inc. TN Has $1.76 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Patten & Patten Inc. TN trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,772 shares of the entertainment giant’s stock after selling 526 shares during the quarter. Patten & Patten Inc. TN’s holdings in Walt Disney were worth $1,756,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Harbour Investments Inc. raised its position in shares of Walt Disney by 2.1% during the fourth quarter. Harbour Investments Inc. now owns 22,442 shares of the entertainment giant’s stock worth $2,499,000 after acquiring an additional 464 shares during the last quarter. Greenwich Wealth Management LLC raised its position in shares of Walt Disney by 6.2% during the fourth quarter. Greenwich Wealth Management LLC now owns 4,072 shares of the entertainment giant’s stock worth $453,000 after acquiring an additional 236 shares during the last quarter. one8zero8 LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $915,000. Choate Investment Advisors raised its position in shares of Walt Disney by 66.4% during the fourth quarter. Choate Investment Advisors now owns 136,622 shares of the entertainment giant’s stock worth $15,213,000 after acquiring an additional 54,529 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in shares of Walt Disney by 12.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 18,584 shares of the entertainment giant’s stock worth $2,069,000 after acquiring an additional 2,058 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $98.73 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $178.48 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The business’s fifty day moving average is $109.10 and its 200 day moving average is $104.45.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIS. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. 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. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Profile

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.