Diamond Hill Capital Management Inc. Sells 12,424 Shares of The Walt Disney Company (NYSE:DIS)

Diamond Hill Capital Management Inc. lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,544 shares of the entertainment giant's stock after selling 12,424 shares during the quarter. Diamond Hill Capital Management Inc.'s holdings in Walt Disney were worth $26,562,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new stake in Walt Disney during the 4th quarter worth about $28,000. Tacita Capital Inc lifted its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DIS. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued 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 a consensus target price of $125.64.

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Walt Disney Stock Up 1.9 %

Shares of DIS stock traded up $1.86 during trading on Friday, reaching $98.73. The company's stock had a trading volume of 10,196,775 shares, compared to its average volume of 9,600,400. The business has a fifty day moving average price of $109.10 and a 200-day moving average price of $104.27. 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 one year low of $83.91 and a one year high of $123.74. The company has a market cap of $178.48 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

Walt Disney 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.