The Walt Disney Company (NYSE:DIS) Holdings Cut by Kahn Brothers Group Inc.

Kahn Brothers Group Inc. trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 353,026 shares of the entertainment giant's stock after selling 52,419 shares during the quarter. Walt Disney makes up 8.5% of Kahn Brothers Group Inc.'s holdings, making the stock its 3rd largest position. Kahn Brothers Group Inc.'s holdings in Walt Disney were worth $39,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trek Financial LLC boosted its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares during the last quarter. Brookstone Capital Management raised its stake in Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after buying an additional 13,339 shares during the period. Greystone Financial Group LLC raised its stake in Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB acquired a new stake in Walt Disney in the 4th quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC acquired a new position in Walt Disney during the fourth quarter worth $446,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Stock Performance

Shares of DIS stock traded up $1.22 during mid-day trading on Tuesday, hitting $111.71. The stock had a trading volume of 2,084,415 shares, compared to its average volume of 10,012,229. The firm has a market cap of $201.95 billion, a PE ratio of 36.47, a PEG ratio of 1.80 and a beta of 1.49. The company's 50-day simple moving average is $93.89 and its 200-day simple moving average is $104.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the firm posted $1.21 EPS. The business's revenue was up 7.0% compared to the same quarter last year. Sell-side 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.