Tiemann Investment Advisors LLC Cuts Stake in The Walt Disney Company (NYSE:DIS)

Tiemann Investment Advisors LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,510 shares of the entertainment giant’s stock after selling 1,025 shares during the period. Tiemann Investment Advisors LLC’s holdings in Walt Disney were worth $502,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Impax Asset Management Group plc lifted its stake in shares of Walt Disney by 4.5% during the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after buying an additional 27,806 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Walt Disney during the third quarter worth $2,942,000. United Bank boosted its holdings in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after acquiring an additional 712 shares during the period. Assetmark Inc. grew its position in shares of Walt Disney by 6.2% in the third quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock valued at $3,115,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 15,967 shares of the entertainment giant’s stock valued at $1,536,000 after purchasing an additional 125 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $105.58 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market cap of $190.87 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business has a 50 day moving average price of $110.30 and a 200-day moving average price of $104.16.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on 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 owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Guggenheim upped their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen lifted their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.