The Walt Disney Company (NYSE:DIS) Stake Cut by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its holdings in The Walt Disney Company (NYSE:DIS) by 10.0% in the 4th quarter, Holdings Channel reports. The fund owned 50,577 shares of the entertainment giant’s stock after selling 5,638 shares during the period. Moors & Cabot Inc.’s holdings in Walt Disney were worth $5,632,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management increased its position in Walt Disney by 10.5% in 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% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in Walt Disney in the 4th quarter worth about $15,125,000. Finally, Swedbank AB increased its position in Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIS. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI increased their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $98.00 on Wednesday. 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 stock’s 50-day moving average is $109.88 and its 200-day moving average is $104.30. The firm has a market cap of $177.17 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney 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.