Orion Portfolio Solutions LLC Sells 24,805 Shares of The Walt Disney Company (NYSE:DIS)

Orion Portfolio Solutions LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,483 shares of the entertainment giant's stock after selling 24,805 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Walt Disney were worth $5,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. United Bank increased its holdings in Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant's stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Walt Disney by 5.4% during the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant's stock worth $1,101,000 after buying an additional 590 shares in the last quarter. Public Sector Pension Investment Board raised its position in Walt Disney by 13.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 77,763 shares of the entertainment giant's stock valued at $7,480,000 after buying an additional 9,200 shares during the last quarter. BlueCrest Capital Management Ltd lifted its stake in Walt Disney by 3,309.1% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 3,000 shares of the entertainment giant's stock valued at $289,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Walt Disney by 53.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 852,003 shares of the entertainment giant's stock worth $81,954,000 after acquiring an additional 297,017 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Six research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Price Performance

NYSE:DIS traded up $0.67 during mid-day trading on Monday, hitting $98.74. 10,552,579 shares of the stock traded hands, compared to its average volume of 9,809,672. The business's 50-day moving average price is $107.31 and its 200 day moving average price is $105.19. 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 company has a market cap of $178.49 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.69.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.