The Walt Disney Company (NYSE:DIS) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,685 shares of the entertainment giant’s stock after selling 15,318 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $25,019,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $35,000. Finally, Hager Investment Management Services LLC acquired a new position in Walt Disney in the 4th quarter valued at $43,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $109.29 on Thursday. The business has a 50-day moving average of $110.56 and a 200 day moving average of $103.94. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market capitalization of $197.58 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

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.