LRI Investments LLC Sells 252 Shares of The Walt Disney Company (NYSE:DIS)

LRI Investments LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,590 shares of the entertainment giant’s stock after selling 252 shares during the period. LRI Investments LLC’s holdings in Walt Disney were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DIS. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the 4th quarter valued at about $28,000. Tacita Capital Inc increased its holdings in 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 purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the 4th quarter valued at 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 purchased a new position in Walt Disney during the 4th quarter valued at about $35,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $105.93 on Monday. 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 company has a market capitalization of $191.50 billion, a P/E ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The stock’s 50 day moving average is $93.86 and its 200 day moving average is $104.22. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley boosted their price target on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays boosted their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.54.

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.