Commerce Bank Sells 1,274 Shares of The Walt Disney Company (NYSE:DIS)

Commerce Bank lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,252 shares of the entertainment giant’s stock after selling 1,274 shares during the quarter. Commerce Bank’s holdings in Walt Disney were worth $24,080,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Capital International Sarl boosted its position in Walt Disney by 37.0% during the fourth quarter. Capital International Sarl now owns 6,993 shares of the entertainment giant’s stock valued at $779,000 after purchasing an additional 1,887 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Walt Disney by 1.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,938,580 shares of the entertainment giant’s stock worth $215,858,000 after buying an additional 21,673 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $625,000. GKV Capital Management Co. Inc. purchased a new stake in Walt Disney during the fourth quarter valued at approximately $512,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake in Walt Disney by 36.7% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 3,401 shares of the entertainment giant’s stock valued at $379,000 after acquiring an additional 913 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $84.75 on Friday. The company has a fifty day moving average of $99.24 and a two-hundred day moving average of $104.31. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The stock has a market capitalization of $153.21 billion, a PE ratio of 27.61, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. 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. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.48.

Walt Disney Company 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.