Mendel Money Management Decreases Position in The Walt Disney Company (NYSE:DIS)

Mendel Money Management reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,889 shares of the entertainment giant’s stock after selling 1,250 shares during the quarter. Walt Disney comprises about 1.2% of Mendel Money Management’s portfolio, making the stock its 29th biggest position. Mendel Money Management’s holdings in Walt Disney were worth $2,771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. Brookstone Capital Management increased its position in Walt Disney by 10.5% during the fourth 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 holdings in Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $15,125,000. Swedbank AB lifted its stake in shares of Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after purchasing an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in Walt Disney during the fourth quarter worth about $446,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DIS. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

DIS stock opened at $101.61 on Wednesday. The company has a market capitalization of $183.69 billion, a P/E ratio of 33.10, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $107.76 and a 200 day simple moving average of $104.95. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.