Thoroughbred Financial Services LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Thoroughbred Financial Services LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,509 shares of the entertainment giant’s stock after selling 140 shares during the period. Thoroughbred Financial Services LLC’s holdings in Walt Disney were worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Bank grew its holdings in Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after buying an additional 712 shares during the last quarter. Morse Asset Management Inc raised its stake in Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock valued at $2,055,000 after purchasing an additional 3,185 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Walt Disney by 12.1% in the 3rd quarter. Wellington Management Group LLP now owns 8,202,663 shares of the entertainment giant’s stock valued at $789,014,000 after purchasing an additional 885,917 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Walt Disney by 19.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 177,495 shares of the entertainment giant’s stock worth $17,073,000 after purchasing an additional 29,297 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of Walt Disney by 8.8% in the third quarter. EP Wealth Advisors LLC now owns 494,632 shares of the entertainment giant’s stock valued at $47,579,000 after buying an additional 39,828 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of DIS stock opened at $83.52 on Friday. The firm has a fifty day simple moving average of $105.68 and a 200-day simple moving average of $105.20. The company has a market capitalization of $150.99 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a twelve month low of $83.08 and a twelve month high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Prescient Securities lowered their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.33.

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.