The Walt Disney Company (NYSE:DIS) Shares Sold by Cadence Bank

Cadence Bank lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,378 shares of the entertainment giant’s stock after selling 379 shares during the quarter. Cadence Bank’s holdings in Walt Disney were worth $1,267,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Morse Asset Management Inc lifted its stake in shares of Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock valued at $2,055,000 after purchasing an additional 3,185 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its stake in Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock worth $3,551,000 after buying an additional 8,180 shares during the period. Saratoga Research & Investment Management raised its stake in shares of Walt Disney by 18.8% in the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant’s stock valued at $147,749,000 after acquiring an additional 242,675 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in Walt Disney in the 3rd quarter valued at $660,000. Finally, Boyar Asset Management Inc. raised its position in Walt Disney by 1.7% in the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant’s stock valued at $3,201,000 after purchasing an additional 551 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock opened at $84.75 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a market cap of $153.21 billion, a P/E ratio of 27.61, a PEG ratio of 1.80 and a beta of 1.44. 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 moving average of $99.24 and a two-hundred day moving average of $104.31.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate 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, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. UBS Group decreased their target price on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Loop Capital increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Macquarie restated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target 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.