Stokes Family Office LLC Trims Position in The Walt Disney Company (NYSE:DIS)

Stokes Family Office LLC lessened its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,298 shares of the entertainment giant’s stock after selling 993 shares during the period. Stokes Family Office LLC’s holdings in Walt Disney were worth $1,035,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. West Tower Group LLC bought a new stake in Walt Disney during the fourth quarter valued at about $223,000. VSM Wealth Advisory LLC bought a new stake in Walt Disney during the fourth quarter valued at about $297,000. Brooklyn FI LLC bought a new stake in Walt Disney during the fourth quarter valued at about $400,000. Enhancing Capital LLC bought a new stake in Walt Disney during the fourth quarter valued at about $1,114,000. Finally, Xponance Inc. grew its holdings in Walt Disney by 1.8% during the fourth quarter. Xponance Inc. now owns 270,252 shares of the entertainment giant’s stock valued at $30,093,000 after purchasing an additional 4,851 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 0.0 %

Shares of DIS stock opened at $99.33 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. 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 stock’s 50 day simple moving average is $108.63 and its two-hundred day simple moving average is $104.58. The company has a market cap of $179.56 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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, topping 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%. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average 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.