The Walt Disney Company (NYSE:DIS) Shares Sold by Comerica Bank

Comerica Bank cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,646 shares of the entertainment giant's stock after selling 11,935 shares during the period. Comerica Bank's holdings in Walt Disney were worth $50,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Morse Asset Management Inc lifted its position in Walt Disney by 17.5% in the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock valued at $2,055,000 after acquiring an additional 3,185 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its position in Walt Disney by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant's stock valued at $3,551,000 after acquiring an additional 8,180 shares during the last quarter. Saratoga Research & Investment Management lifted its position in Walt Disney by 18.8% in the third quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant's stock valued at $147,749,000 after acquiring an additional 242,675 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in Walt Disney in the third quarter valued at $660,000. Finally, Boyar Asset Management Inc. raised its holdings in shares of Walt Disney by 1.7% in the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant's stock valued at $3,201,000 after buying an additional 551 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, seventeen 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 a consensus target price of $123.75.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $0.11 on Thursday, hitting $90.84. The company had a trading volume of 7,784,251 shares, compared to its average volume of 10,110,046. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The business has a 50 day moving average of $95.44 and a 200 day moving average of $104.02. The company has a market cap of $164.22 billion, a PE ratio of 29.59, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.