The Walt Disney Company (NYSE:DIS) Stock Holdings Reduced by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,812 shares of the entertainment giant’s stock after selling 937 shares during the period. Mach 1 Financial Group LLC’s holdings in Walt Disney were worth $202,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIS. Trek Financial LLC raised its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after acquiring an additional 30,057 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney in the 4th quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in Walt Disney in the fourth quarter worth $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 2.4 %

Shares of Walt Disney stock opened at $84.75 on Friday. The company’s fifty day moving average price is $99.24 and its two-hundred day moving average price is $104.38. The firm has a market capitalization of $153.21 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DIS. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Finally, Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.48.

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.