Sound Shore Management Inc. CT Sells 174,930 Shares of The Walt Disney Company (NYSE:DIS)

Sound Shore Management Inc. CT reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 776,361 shares of the entertainment giant’s stock after selling 174,930 shares during the quarter. Walt Disney accounts for about 2.9% of Sound Shore Management Inc. CT’s holdings, making the stock its 12th biggest position. Sound Shore Management Inc. CT’s holdings in Walt Disney were worth $86,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Bank increased its position in Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Walt Disney by 7.7% in the third quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock worth $2,826,000 after purchasing an additional 2,110 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in Walt Disney by 49.2% in the third quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock valued at $1,485,000 after purchasing an additional 4,947 shares during the period. Great Valley Advisor Group Inc. raised its position in Walt Disney by 3.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 60,888 shares of the entertainment giant’s stock worth $5,857,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Okabena Investment Services Inc. lifted its holdings in Walt Disney by 25.2% during the 3rd quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant’s stock worth $1,035,000 after buying an additional 2,163 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIS. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Loop Capital increased their target price 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $99.51 on Monday. The business’s fifty day simple moving average is $108.04 and its 200 day simple moving average is $104.78. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market capitalization of $179.89 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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, 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%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney 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.