Baxter Bros Inc. Trims Stock Holdings in The Walt Disney Company (NYSE:DIS)

Baxter Bros Inc. cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,138 shares of the entertainment giant's stock after selling 3,564 shares during the period. Baxter Bros Inc.'s holdings in Walt Disney were worth $5,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc raised its position in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter worth $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DIS. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Macquarie reaffirmed a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Six 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.64.

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Walt Disney Stock Up 1.4 %

Shares of NYSE DIS traded up $1.43 during midday trading on Tuesday, hitting $101.61. 7,363,448 shares of the company's stock were exchanged, compared to its average volume of 9,529,117. The firm's fifty day simple moving average is $107.76 and its 200-day simple moving average is $104.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $183.69 billion, a PE ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts predict that The Walt Disney Company will post 5.47 EPS 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.