The Walt Disney Company (NYSE:DIS) Stake Lowered by Princeton Capital Management LLC

Princeton Capital Management LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,943 shares of the entertainment giant's stock after selling 4,636 shares during the quarter. Walt Disney makes up approximately 1.2% of Princeton Capital Management LLC's holdings, making the stock its 18th biggest holding. Princeton Capital Management LLC's holdings in Walt Disney were worth $3,842,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant's stock valued at $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock valued at $1,417,958,000 after acquiring an additional 425,438 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant's stock worth $1,473,252,000 after purchasing an additional 293,482 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Walt Disney by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant's stock worth $988,290,000 after purchasing an additional 102,210 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Walt Disney by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,197,458 shares of the entertainment giant's stock valued at $714,806,000 after buying an additional 1,047,560 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DIS. Barclays cut their price target on shares of Walt Disney from $130.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Macquarie lifted their target price on Walt Disney from $91.00 to $110.00 and gave the stock a "neutral" rating in a research report on Friday. TD Cowen raised their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the stock a "hold" rating in a report on Friday. Sanford C. Bernstein upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Walt Disney Stock Performance

DIS traded down $1.42 during trading on Tuesday, hitting $112.12. 7,082,901 shares of the stock were exchanged, compared to its average volume of 11,002,286. The firm has a market capitalization of $203.04 billion, a P/E ratio of 41.19, a PEG ratio of 1.85 and a beta of 1.40. The stock has a fifty day moving average price of $96.07 and a two-hundred day moving average price of $96.60. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

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.