Private Portfolio Partners LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Private Portfolio Partners LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,806 shares of the entertainment giant’s stock after selling 534 shares during the quarter. Private Portfolio Partners LLC’s holdings in Walt Disney were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RFG Bristol Wealth Advisors LLC purchased a new position in shares of Walt Disney during the fourth quarter worth $560,000. Meeder Advisory Services Inc. raised its stake in shares of Walt Disney by 3.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 24,472 shares of the entertainment giant’s stock valued at $2,725,000 after buying an additional 870 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Walt Disney by 11.8% in the 4th quarter. Groupama Asset Managment now owns 279,262 shares of the entertainment giant’s stock valued at $30,944,000 after buying an additional 29,573 shares during the period. May Hill Capital LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $233,000. Finally, Headlands Technologies LLC acquired a new stake in Walt Disney during the fourth quarter worth about $124,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE:DIS opened at $97.92 on Thursday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.69. The stock has a market cap of $177.02 billion, a PE ratio of 31.90, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a 50 day moving average price of $106.70 and a 200 day moving average price of $105.37.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Six research 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 currently has an average rating of “Moderate Buy” and a consensus 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.