Integrated Wealth Concepts LLC Has $7.49 Million Holdings in The Walt Disney Company (NYSE:DIS)

Integrated Wealth Concepts LLC reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,290 shares of the entertainment giant's stock after selling 12,968 shares during the period. Integrated Wealth Concepts LLC's holdings in Walt Disney were worth $7,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC lifted its position in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Walt Disney by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after purchasing an additional 192,871 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

DIS traded up $0.22 during trading on Friday, reaching $90.23. 7,747,097 shares of the company's stock were exchanged, compared to its average volume of 10,112,719. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a market capitalization of $163.12 billion, a P/E ratio of 29.39, a PEG ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $97.01 and a 200 day moving average price of $104.17.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. UBS Group reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Finally, Barclays lowered their price target on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.75.

About Walt Disney

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.