Oppenheimer & Co. Inc. Reduces Position in The Walt Disney Company (NYSE:DIS)

Oppenheimer & Co. Inc. reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 31.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 143,024 shares of the entertainment giant’s stock after selling 65,655 shares during the period. Oppenheimer & Co. Inc.’s holdings in Walt Disney were worth $13,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its stake in Walt Disney by 4.4% during the first quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after purchasing an additional 327 shares during the last quarter. TD Asset Management Inc grew its position in Walt Disney by 1.3% in the 1st quarter. TD Asset Management Inc now owns 1,283,337 shares of the entertainment giant’s stock valued at $157,029,000 after buying an additional 16,987 shares during the last quarter. TBH Global Asset Management LLC increased its stake in Walt Disney by 5.6% in the 1st quarter. TBH Global Asset Management LLC now owns 21,879 shares of the entertainment giant’s stock valued at $2,677,000 after buying an additional 1,151 shares during the period. Alpha Family Trust purchased a new position in Walt Disney during the first quarter worth about $276,000. Finally, Beacon Investment Advisory Services Inc. raised its stake in shares of Walt Disney by 5.5% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 102,458 shares of the entertainment giant’s stock worth $12,537,000 after buying an additional 5,322 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley cut their price objective on Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Loop Capital dropped their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Walt Disney from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.14.

Walt Disney Stock Performance

Walt Disney stock traded down $0.42 during mid-day trading on Wednesday, reaching $100.57. The company’s stock had a trading volume of 712,625 shares, compared to its average volume of 10,666,910. The firm has a market cap of $182.39 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.64 and a beta of 1.40. The business has a 50 day moving average price of $94.35 and a 200-day moving average price of $96.65. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

About Walt Disney

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.