Dillon & Associates Inc. Sells 443 Shares of The Walt Disney Company (NYSE:DIS)

Dillon & Associates Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,496 shares of the entertainment giant’s stock after selling 443 shares during the period. Dillon & Associates Inc.’s holdings in Walt Disney were worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc increased its position 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. Midwest Capital Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on DIS shares. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Finally, Jefferies Financial Group started coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Up 0.7 %

DIS stock opened at $99.51 on Monday. The firm’s fifty day simple moving average is $108.04 and its 200-day simple moving average is $104.78. The company has a market capitalization of $179.89 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 announced its quarterly 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share 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.