Bedell Frazier Investment Counselling LLC Sells 10,969 Shares of The Walt Disney Company (NYSE:DIS)

Bedell Frazier Investment Counselling LLC lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,064 shares of the entertainment giant's stock after selling 10,969 shares during the period. Walt Disney accounts for 2.0% of Bedell Frazier Investment Counselling LLC's holdings, making the stock its 15th largest holding. Bedell Frazier Investment Counselling LLC's holdings in Walt Disney were worth $8,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. United Bank raised its holdings in Walt Disney by 6.2% in 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. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Walt Disney by 53.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 852,003 shares of the entertainment giant's stock valued at $81,954,000 after buying an additional 297,017 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of Walt Disney by 68.2% in the third quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant's stock valued at $1,049,000 after buying an additional 4,421 shares during the period. Encompass More Asset Management lifted its stake in shares of Walt Disney by 14.9% in the third quarter. Encompass More Asset Management now owns 2,662 shares of the entertainment giant's stock worth $256,000 after acquiring an additional 345 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its holdings in Walt Disney by 1.2% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 167,198 shares of the entertainment giant's stock valued at $16,083,000 after acquiring an additional 1,953 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

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Walt Disney Stock Performance

Shares of DIS traded down $1.08 on Tuesday, reaching $97.63. 8,759,472 shares of the company's stock traded hands, compared to its average volume of 9,805,517. The stock's 50 day simple moving average is $107.14 and its two-hundred day simple moving average is $105.26. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.69. The stock has a market cap of $176.49 billion, a PE ratio of 31.80, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. Macquarie restated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. 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. Needham & Company LLC reiterated a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.64.

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.