Synovus Financial Corp Sells 4,265 Shares of The Walt Disney Company (NYSE:DIS)

Synovus Financial Corp trimmed its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,136 shares of the entertainment giant's stock after selling 4,265 shares during the quarter. Synovus Financial Corp's holdings in Walt Disney were worth $8,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIS. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during 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 period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the 4th quarter worth about $32,000. Midwest Capital Advisors LLC bought a new stake in Walt Disney in the 4th quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $35,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.4 %

Walt Disney stock traded up $0.34 during trading hours on Tuesday, reaching $85.00. The company had a trading volume of 7,828,411 shares, compared to its average volume of 9,991,097. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a 50-day moving average price of $101.31 and a 200 day moving average price of $104.75. The firm has a market cap of $153.67 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.80 and a beta of 1.44.

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Walt Disney (NYSE:DIS - Get Free Report) last posted 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%. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DIS shares. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Barclays dropped their target price on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Macquarie reiterated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.48.

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.