Citizens Financial Group Inc. RI reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,213 shares of the entertainment giant's stock after selling 8,317 shares during the period. Citizens Financial Group Inc. RI's holdings in Walt Disney were worth $24,743,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in Walt Disney in the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney during the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein increased their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.64.
Read Our Latest Research Report on Walt Disney
Insider Transactions at Walt Disney
In other news, EVP Brent Woodford sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company's stock.
Walt Disney Price Performance
DIS traded down $5.08 during midday trading on Tuesday, hitting $98.00. The stock had a trading volume of 16,897,437 shares, compared to its average volume of 9,575,051. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The business has a fifty day moving average of $109.88 and a 200 day moving average of $104.30. The company has a market cap of $177.17 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Walt Disney Company Profile
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Free Report)
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.
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