Pinnacle Financial Partners Inc Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Pinnacle Financial Partners Inc trimmed its holdings in The Walt Disney Company (NYSE:DIS) by 73.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,094 shares of the entertainment giant’s stock after selling 83,425 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Walt Disney were worth $2,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Concurrent Investment Advisors LLC grew its stake in shares of Walt Disney by 8.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the last quarter. Summit Global Investments grew its position in Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock valued at $1,191,000 after buying an additional 10,230 shares during the last quarter. Lmcg Investments LLC increased its stake in Walt Disney by 18.6% in the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after buying an additional 23,116 shares during the period. American Assets Inc. purchased a new position in Walt Disney during the 3rd quarter worth $962,000. Finally, PGGM Investments purchased a new stake in shares of Walt Disney in the first quarter valued at about $1,036,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.7 %

DIS stock opened at $102.67 on Thursday. The stock has a market capitalization of $186.20 billion, a P/E ratio of 39.49, a PEG ratio of 1.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a 50 day moving average price of $94.35 and a two-hundred day moving average price of $96.65.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent analyst reports. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. Evercore ISI increased their price objective on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company decreased their target price on shares of Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Seaport Res Ptn upgraded shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Finally, UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $119.14.

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.