Princeton Capital Management LLC Sells 20,740 Shares of The Walt Disney Company (NYSE:DIS)

Princeton Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 51.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,203 shares of the entertainment giant’s stock after selling 20,740 shares during the period. Walt Disney comprises about 0.7% of Princeton Capital Management LLC’s portfolio, making the stock its 29th biggest position. Princeton Capital Management LLC’s holdings in Walt Disney were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission.

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

Walt Disney Price Performance

DIS opened at $100.24 on Tuesday. 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. The company has a market capitalization of $181.21 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $104.86.

Walt Disney (NYSE:DIS) last released 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, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. 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 report on Tuesday, February 4th. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

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.