Collaborative Wealth Managment Inc. Trims Stake in The Walt Disney Company (NYSE:DIS)

Collaborative Wealth Managment Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,102 shares of the entertainment giant’s stock after selling 3,516 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Walt Disney were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. United Bank boosted its position in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the period. Aigen Investment Management LP bought a new position in shares of Walt Disney in the third quarter worth approximately $267,000. CIBC Asset Management Inc boosted its position in shares of Walt Disney by 9.2% in the third quarter. CIBC Asset Management Inc now owns 319,189 shares of the entertainment giant’s stock worth $30,702,000 after purchasing an additional 26,848 shares during the period. Empowered Funds LLC boosted its position in shares of Walt Disney by 7.7% in the third quarter. Empowered Funds LLC now owns 90,960 shares of the entertainment giant’s stock worth $8,749,000 after purchasing an additional 6,507 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in shares of Walt Disney by 2.9% in the third quarter. Mizuho Securities USA LLC now owns 144,684 shares of the entertainment giant’s stock worth $13,917,000 after purchasing an additional 4,124 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Trading Up 1.9 %

Shares of DIS opened at $98.73 on Friday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market cap of $178.48 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $109.10 and its 200-day simple moving average is $104.35.

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

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.