Montag A & Associates Inc. cut its stake in Walt Disney Co (NYSE:DIS) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,528 shares of the entertainment giant’s stock after selling 5,924 shares during the quarter. Montag A & Associates Inc.’s holdings in Walt Disney were worth $4,881,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Walt Disney by 0.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 543,130 shares of the entertainment giant’s stock valued at $52,466,000 after acquiring an additional 2,975 shares during the period. Patriot Investment Management Inc. boosted its position in shares of Walt Disney by 29.3% in the 1st quarter. Patriot Investment Management Inc. now owns 4,877 shares of the entertainment giant’s stock worth $471,000 after purchasing an additional 1,105 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Walt Disney by 7.1% in the 1st quarter. Proficio Capital Partners LLC now owns 15,214 shares of the entertainment giant’s stock worth $1,552,000 after purchasing an additional 1,003 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of Walt Disney by 122.2% in the 1st quarter. Alta Capital Management LLC now owns 851,702 shares of the entertainment giant’s stock worth $82,274,000 after purchasing an additional 468,362 shares in the last quarter. Finally, TCF National Bank boosted its position in shares of Walt Disney by 1.7% in the 1st quarter. TCF National Bank now owns 78,204 shares of the entertainment giant’s stock worth $7,554,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

Shares of Walt Disney stock opened at $109.05 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Walt Disney Co has a twelve month low of $79.07 and a twelve month high of $153.41. The business has a 50-day moving average price of $102.75 and a 200 day moving average price of $127.67. The firm has a market cap of $194.91 billion, a PE ratio of 36.84, a P/E/G ratio of 7.41 and a beta of 1.08.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. Walt Disney’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, sell-side analysts expect that Walt Disney Co will post 2.89 EPS for the current year.

A number of analysts have recently weighed in on the company. Moffett Nathanson cut Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Monday, May 4th. Citigroup lowered their price objective on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Loop Capital lowered their price objective on Walt Disney from $125.00 to $120.00 in a research report on Wednesday, May 6th. Credit Suisse Group cut Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective for the company. in a research report on Monday, April 20th. Finally, TheStreet cut Walt Disney from a “b-” rating to a “c+” rating in a research report on Thursday, March 12th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $127.38.

Walt Disney 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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