Evoke Wealth LLC Has $4.74 Million Position in The Walt Disney Company (NYSE:DIS)

Evoke Wealth LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,410 shares of the entertainment giant’s stock after selling 2,458 shares during the period. Evoke Wealth LLC’s holdings in Walt Disney were worth $4,744,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Horizon Investments LLC boosted its stake in Walt Disney by 2.4% during the 4th quarter. Horizon Investments LLC now owns 37,895 shares of the entertainment giant’s stock valued at $4,220,000 after purchasing an additional 905 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Advisors Asset Management Inc. now owns 29,980 shares of the entertainment giant’s stock worth $3,338,000 after buying an additional 596 shares during the last quarter. PDS Planning Inc boosted its position in shares of Walt Disney by 16.3% in the fourth quarter. PDS Planning Inc now owns 7,475 shares of the entertainment giant’s stock valued at $832,000 after acquiring an additional 1,046 shares during the period. Mystic Asset Management Inc. grew its stake in shares of Walt Disney by 66.7% in the fourth quarter. Mystic Asset Management Inc. now owns 3,467 shares of the entertainment giant’s stock worth $386,000 after acquiring an additional 1,387 shares during the last quarter. Finally, RD Lewis Holdings Inc. bought a new position in Walt Disney during the fourth quarter worth $1,750,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Up 0.8 %

Walt Disney stock opened at $99.43 on Tuesday. The firm has a 50 day moving average price of $108.87 and a two-hundred day moving average price of $104.52. 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 Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a market cap of $179.74 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. Equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Six investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.