The Walt Disney Company (NYSE:DIS) Holdings Reduced by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,472 shares of the entertainment giant's stock after selling 103,290 shares during the period. Cresset Asset Management LLC's holdings in Walt Disney were worth $21,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Blue Capital Inc. acquired a new position in Walt Disney during the 4th quarter valued at about $3,730,000. Brevan Howard Capital Management LP bought a new stake in Walt Disney during the fourth quarter worth approximately $3,522,000. Bridgefront Capital LLC bought a new stake in Walt Disney during the fourth quarter worth approximately $2,952,000. Captrust Financial Advisors lifted its position in Walt Disney by 5.3% in the fourth quarter. Captrust Financial Advisors now owns 245,967 shares of the entertainment giant's stock worth $27,388,000 after purchasing an additional 12,277 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in Walt Disney during the 4th quarter valued at $11,050,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 0.1 %

Walt Disney stock opened at $92.20 on Wednesday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $166.68 billion, a PE ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 1.49. The firm's 50 day moving average price is $94.31 and its two-hundred day moving average price is $104.06.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DIS. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Citigroup reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. UBS Group lowered their price objective 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. The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Six 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.75.

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.

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