Lee Danner & Bass Inc. Sells 754 Shares of The Walt Disney Company (NYSE:DIS)

Lee Danner & Bass Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,950 shares of the entertainment giant’s stock after selling 754 shares during the period. Walt Disney accounts for 1.1% of Lee Danner & Bass Inc.’s portfolio, making the stock its 23rd largest position. Lee Danner & Bass Inc.’s holdings in Walt Disney were worth $13,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farmers Trust Co. increased its stake in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after purchasing an additional 92 shares in the last quarter. Pathway Financial Advisors LLC grew its holdings in shares of Walt Disney by 2.7% during the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after buying an additional 92 shares during the last quarter. Prossimo Advisors LLC grew its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock valued at $972,000 after buying an additional 92 shares during the last quarter. Saxon Interests Inc. grew its holdings in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the last quarter. Finally, Onefund LLC grew its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after buying an additional 93 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Six equities 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Trading Down 1.5 %

Shares of Walt Disney stock opened at $98.79 on Friday. The company’s fifty day simple moving average is $108.23 and its 200-day simple moving average is $104.61. The stock has a market capitalization of $178.59 billion, a PE ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities 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.