The Walt Disney Company (NYSE:DIS) Shares Sold by Ceera Investments LLC

Ceera Investments LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,465 shares of the entertainment giant’s stock after selling 1,421 shares during the period. Ceera Investments LLC’s holdings in Walt Disney were worth $1,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc raised its position in Walt Disney by 93.2% during the fourth 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 last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DIS. The Goldman Sachs Group boosted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Evercore ISI boosted their target price on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, TD Cowen boosted their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Trading Up 0.1 %

DIS opened at $105.58 on Friday. The stock has a market capitalization of $190.87 billion, a PE ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s fifty day moving average price is $110.30 and its 200 day moving average price is $104.05. 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 $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last issued 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 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 fiscal year.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

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.