Wealth Advisors of Tampa Bay LLC Sells 1,528 Shares of The Walt Disney Company (NYSE:DIS)

Wealth Advisors of Tampa Bay LLC cut its position in The Walt Disney Company (NYSE:DIS) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,206 shares of the entertainment giant’s stock after selling 1,528 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Walt Disney were worth $580,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC increased its position in Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the last quarter. Avanza Fonder AB bought a new stake in Walt Disney in the fourth quarter valued at approximately $15,125,000. Swedbank AB lifted its position in shares of Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after buying an additional 422,339 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $88.67 on Friday. The stock’s 50 day moving average is $106.26 and its 200 day moving average is $105.26. The Walt Disney Company has a one year low of $83.91 and a one year high of $120.19. The firm has a market cap of $160.30 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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%. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the subject of several research reports. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Loop Capital increased 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. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.33.

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.