MAI Capital Management Sells 15,142 Shares of The Walt Disney Company (NYSE:DIS)

MAI Capital Management lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,257 shares of the entertainment giant's stock after selling 15,142 shares during the period. MAI Capital Management's holdings in Walt Disney were worth $11,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Concurrent Investment Advisors LLC grew its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant's stock worth $6,420,000 after buying an additional 5,184 shares during the last quarter. Summit Global Investments grew its stake in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant's stock worth $1,191,000 after acquiring an additional 10,230 shares during the last quarter. Lmcg Investments LLC increased its holdings in shares of Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant's stock valued at $14,174,000 after acquiring an additional 23,116 shares in the last quarter. American Assets Inc. purchased a new position in shares of Walt Disney in the 3rd quarter worth about $962,000. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in Walt Disney by 92.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant's stock worth $8,940,000 after purchasing an additional 44,535 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

DIS stock traded down $1.12 during trading on Tuesday, reaching $112.42. The company's stock had a trading volume of 11,395,455 shares, compared to its average volume of 11,021,539. The company's fifty day moving average is $96.07 and its 200-day moving average is $96.60. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market capitalization of $203.59 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

A number of analysts have weighed in on DIS shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a research note on Friday. Seaport Res Ptn raised Walt Disney from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their target price on Walt Disney from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC raised their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.83.

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.