Hartline Investment Corp Has $984,000 Stock Holdings in The Walt Disney Company (NYSE:DIS)

Hartline Investment Corp lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,228 shares of the entertainment giant’s stock after selling 2,700 shares during the quarter. Hartline Investment Corp’s holdings in Walt Disney were worth $984,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital World Investors grew its position in Walt Disney by 3,332.4% during the 1st quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after acquiring an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in shares of Walt Disney during the first quarter valued at about $493,715,000. Farallon Capital Management LLC bought a new stake in shares of Walt Disney during the second quarter worth about $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Walt Disney in the first quarter valued at approximately $425,567,000. Finally, International Assets Investment Management LLC increased its stake in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after buying an additional 3,399,359 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James reissued a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Bank of America reduced their price objective on shares of Walt Disney from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. decreased their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Walt Disney Stock Up 0.2 %

Shares of NYSE DIS opened at $101.02 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The firm has a market cap of $183.21 billion, a PE ratio of 38.85, a P/E/G ratio of 1.64 and a beta of 1.40. The company’s fifty day simple moving average is $94.35 and its 200 day simple moving average is $96.65. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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.