Ellevest Inc. Sells 148 Shares of The Walt Disney Company (NYSE:DIS)

Ellevest Inc. lowered its stake in The Walt Disney Company (NYSE:DIS) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,538 shares of the entertainment giant’s stock after selling 148 shares during the period. Ellevest Inc.’s holdings in Walt Disney were worth $839,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Walt Disney in the 4th quarter worth about $32,000. Midwest Capital Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter worth about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $105.93 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The stock’s 50-day simple moving average is $93.86 and its 200-day simple moving average is $104.11. The company has a market capitalization of $191.50 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company had revenue of $23.62 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period last year, the company posted $1.21 earnings per share. Walt Disney’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts expect 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.