Atlanta Consulting Group Advisors LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Atlanta Consulting Group Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 73.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,590 shares of the entertainment giant’s stock after selling 7,137 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Walt Disney were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DIS. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc grew its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney during the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the fourth quarter worth about $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.9 %

Shares of DIS opened at $98.73 on Monday. The stock has a fifty day moving average of $109.10 and a two-hundred day moving average of $104.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $178.48 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly 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 return on equity of 9.95% and a net margin of 6.07%. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIS. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.64.

About Walt Disney

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.