Spinnaker Investment Group LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Spinnaker Investment Group LLC reduced its position in The Walt Disney Company (NYSE:DIS) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,922 shares of the entertainment giant’s stock after selling 275 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Walt Disney were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Transcendent Capital Group LLC increased its holdings in Walt Disney by 1.4% in the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock worth $968,000 after buying an additional 108 shares during the last quarter. Connable Office Inc. grew its position in Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock worth $3,371,000 after acquiring an additional 108 shares in the last quarter. ADE LLC increased its stake in shares of Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock worth $249,000 after purchasing an additional 110 shares during the last quarter. Cozad Asset Management Inc. raised its holdings in shares of Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares in the last quarter. Finally, Absher Wealth Management LLC lifted its stake in shares of Walt Disney by 0.8% in the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DIS shares. Evercore ISI increased their target price on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC upped their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Macquarie boosted their price objective on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $115.08 on Friday. The firm has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 1.67 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The business has a fifty day simple moving average of $95.57 and a 200 day simple moving average of $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38.

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.