The Walt Disney Company (NYSE:DIS) Shares Sold by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,763 shares of the entertainment giant's stock after selling 4,838 shares during the period. Berkshire Asset Management LLC PA's holdings in Walt Disney were worth $8,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Haven Private LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $408,000. Bradyco Inc. bought a new stake in shares of Walt Disney in the fourth quarter valued at about $3,495,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Walt Disney by 20.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,093 shares of the entertainment giant's stock valued at $233,000 after acquiring an additional 355 shares in the last quarter. Foundation Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at about $484,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Walt Disney by 32.4% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,592 shares of the entertainment giant's stock valued at $957,000 after purchasing an additional 2,101 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective 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. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Macquarie reissued a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Six investment 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.64.

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Walt Disney Stock Performance

Shares of NYSE:DIS traded up $0.15 during midday trading on Friday, reaching $105.58. The company's stock had a trading volume of 12,714,283 shares, compared to its average volume of 9,538,860. The stock has a fifty day moving average of $110.30 and a 200 day moving average of $104.16. The firm has a market capitalization of $190.87 billion, a PE ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares of the company's stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company's stock.

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.