Lee Danner & Bass Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Lee Danner & Bass Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,950 shares of the entertainment giant’s stock after selling 754 shares during the period. Walt Disney comprises approximately 1.1% of Lee Danner & Bass Inc.’s portfolio, making the stock its 23rd largest position. Lee Danner & Bass Inc.’s holdings in Walt Disney were worth $13,579,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc boosted its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

DIS stock opened at $98.79 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market cap of $178.59 billion, a P/E ratio of 32.18, a PEG ratio of 1.80 and a beta of 1.41. The firm has a 50-day moving average of $108.23 and a 200 day moving average of $104.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

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

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.