Kensington Investment Counsel LLC Sells 1,487 Shares of The Walt Disney Company (NYSE:DIS)

Kensington Investment Counsel LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,844 shares of the entertainment giant’s stock after selling 1,487 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Walt Disney were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Mystic Asset Management Inc. boosted its holdings in Walt Disney by 66.7% in the fourth quarter. Mystic Asset Management Inc. now owns 3,467 shares of the entertainment giant’s stock worth $386,000 after acquiring an additional 1,387 shares in the last quarter. RD Lewis Holdings Inc. bought a new stake in Walt Disney in the fourth quarter worth $1,750,000. Petra Financial Advisors Inc. bought a new stake in Walt Disney in the fourth quarter worth $214,000. Axxcess Wealth Management LLC boosted its holdings in Walt Disney by 3.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 67,109 shares of the entertainment giant’s stock worth $7,473,000 after acquiring an additional 2,290 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth $243,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Finally, Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of DIS opened at $99.43 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $108.87 and a two-hundred day simple moving average of $104.52. The stock has a market cap of $179.74 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.