Scotia Capital Inc. trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 532,077 shares of the entertainment giant's stock after selling 185,745 shares during the period. Scotia Capital Inc.'s holdings in Walt Disney were worth $59,249,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc lifted its holdings in Walt Disney by 17.5% during the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock worth $2,055,000 after buying an additional 3,185 shares in the last quarter. Executive Wealth Management LLC acquired a new position in Walt Disney during the 3rd quarter worth $227,000. Coldstream Capital Management Inc. raised its position in Walt Disney by 66.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 47,817 shares of the entertainment giant's stock valued at $4,615,000 after purchasing an additional 19,003 shares in the last quarter. Financial Avengers Inc. boosted its stake in shares of Walt Disney by 4.5% in the 3rd quarter. Financial Avengers Inc. now owns 49,665 shares of the entertainment giant's stock valued at $4,777,000 after buying an additional 2,152 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Walt Disney by 25.6% during the third quarter. Sunbelt Securities Inc. now owns 6,898 shares of the entertainment giant's stock worth $663,000 after buying an additional 1,406 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays decreased their price target on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Prescient Securities lowered their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $125.13.
Check Out Our Latest Research Report on DIS
Walt Disney Trading Down 0.5 %
Shares of NYSE DIS traded down $0.44 during midday trading on Monday, hitting $84.45. The stock had a trading volume of 4,199,127 shares, compared to its average volume of 9,973,261. The company has a market capitalization of $152.67 billion, a price-to-earnings ratio of 27.51, 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 Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a fifty day moving average price of $101.83 and a 200 day moving average price of $104.82.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results 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 return on equity of 9.95% and a net margin of 6.07%. On average, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.
Walt Disney Company Profile
(
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.
Read More
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
