The Walt Disney Company (NYSE:DIS) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 51,754 shares of the entertainment giant’s stock after selling 1,535 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Walt Disney were worth $5,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurion Capital Management LP acquired a new stake in Walt Disney during the 4th quarter worth about $225,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in Walt Disney during the 4th quarter worth about $238,000. Guardian Wealth Advisors LLC NC lifted its position in Walt Disney by 18.4% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 6,781 shares of the entertainment giant’s stock worth $755,000 after acquiring an additional 1,052 shares during the period. Geller Advisors LLC lifted its position in Walt Disney by 3.3% during the 4th quarter. Geller Advisors LLC now owns 6,257 shares of the entertainment giant’s stock worth $700,000 after acquiring an additional 200 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in Walt Disney during the 4th quarter worth about $1,716,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $105.93 on Monday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The stock has a 50 day moving average of $93.86 and a two-hundred day moving average of $104.22. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $191.50 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business earned $1.21 EPS. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Loop Capital lifted their price target on Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Finally, Guggenheim decreased their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average price target of $123.54.

About Walt Disney

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.