Elgethun Capital Management Decreases Stock Holdings in Walt Disney Co (NYSE:DIS)

Elgethun Capital Management decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.3% during the first quarter, Holdings Channel.com reports. The firm owned 34,046 shares of the entertainment giant’s stock after selling 1,156 shares during the period. Walt Disney accounts for about 1.8% of Elgethun Capital Management’s portfolio, making the stock its 18th largest position. Elgethun Capital Management’s holdings in Walt Disney were worth $3,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DIS. Geode Capital Management LLC raised its stake in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock valued at $3,748,495,000 after acquiring an additional 548,830 shares during the period. Norges Bank purchased a new stake in shares of Walt Disney in the fourth quarter valued at $2,572,048,000. Charles Schwab Investment Management Inc. raised its stake in shares of Walt Disney by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock valued at $1,196,059,000 after acquiring an additional 100,637 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Walt Disney by 7.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,768,687 shares of the entertainment giant’s stock valued at $750,455,000 after acquiring an additional 512,407 shares during the period. Finally, Parnassus Investments CA raised its stake in shares of Walt Disney by 1.2% in the fourth quarter. Parnassus Investments CA now owns 7,031,692 shares of the entertainment giant’s stock valued at $1,016,993,000 after acquiring an additional 85,048 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on DIS. BMO Capital Markets reduced their target price on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Atlantic Securities upgraded shares of Walt Disney from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $153.00 to $119.00 in a report on Thursday, April 2nd. Royal Bank of Canada cut their price target on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Cfra cut their price target on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, TheStreet cut shares of Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney has a consensus rating of “Hold” and a consensus price target of $126.58.

NYSE:DIS opened at $117.83 on Friday. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The stock has a market capitalization of $212.83 billion, a P/E ratio of 39.81, a P/E/G ratio of 11.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The company’s 50-day simple moving average is $104.38 and its 200-day simple moving average is $127.15.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast that Walt Disney Co will post 2.09 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Featured Article: Percentage Gainers

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.