Northwest & Ethical Investments L.P. Sells 7,404 Shares of The Walt Disney Company (NYSE:DIS)

Northwest & Ethical Investments L.P. cut its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,516 shares of the entertainment giant's stock after selling 7,404 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Walt Disney were worth $9,411,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers Trust Co. increased its position in Walt Disney by 1.1% in the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after buying an additional 92 shares in the last quarter. Pathway Financial Advisors LLC grew its stake in Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock valued at $386,000 after acquiring an additional 92 shares during the period. Prossimo Advisors LLC increased its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after acquiring an additional 92 shares in the last quarter. Saxon Interests Inc. raised its position in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after purchasing an additional 93 shares during the period. Finally, Onefund LLC lifted its holdings in shares of Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

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Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target for the company. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Price Performance

Shares of Walt Disney stock traded up $0.78 during trading on Monday, hitting $100.24. The stock had a trading volume of 8,219,978 shares, compared to its average volume of 9,540,523. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market cap of $181.21 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 1.80 and a beta of 1.41. The business's 50-day moving average is $108.04 and its 200 day moving average is $104.78.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.