Marble Harbor Investment Counsel LLC Trims Stock Position in The Walt Disney Company $DIS

Marble Harbor Investment Counsel LLC cut its position in The Walt Disney Company (NYSE:DIS) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,938 shares of the entertainment giant’s stock after selling 1,789 shares during the quarter. Walt Disney comprises 1.3% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 26th biggest position. Marble Harbor Investment Counsel LLC’s holdings in Walt Disney were worth $11,649,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DIS. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Walt Disney in the second quarter worth $4,220,599,000. Nuveen LLC bought a new position in Walt Disney in the 1st quarter worth about $1,353,607,000. Boston Partners raised its holdings in shares of Walt Disney by 83.7% in the 2nd quarter. Boston Partners now owns 6,904,741 shares of the entertainment giant’s stock valued at $854,537,000 after acquiring an additional 3,146,450 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Walt Disney by 1,080.7% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,816,548 shares of the entertainment giant’s stock valued at $277,993,000 after acquiring an additional 2,578,004 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Walt Disney by 1.6% during the first quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant’s stock worth $15,383,615,000 after purchasing an additional 2,446,087 shares in the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 2.4%

Shares of NYSE:DIS opened at $114.93 on Wednesday. The stock has a market capitalization of $206.64 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The stock’s 50-day moving average price is $113.26 and its 200-day moving average price is $114.33. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research note on Tuesday, October 28th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, September 23rd. Morgan Stanley lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research report on Friday, October 17th. Finally, Evercore ISI increased their target price on Walt Disney from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

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.