The Walt Disney Company (NYSE:DIS) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its stake in The Walt Disney Company (NYSE:DIS) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,907 shares of the entertainment giant’s stock after selling 2,912 shares during the quarter. Parallel Advisors LLC’s holdings in Walt Disney were worth $9,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Cibc World Markets Corp raised its holdings in shares of Walt Disney by 1.9% in the fourth quarter. Cibc World Markets Corp now owns 657,787 shares of the entertainment giant’s stock worth $73,245,000 after acquiring an additional 12,087 shares during the last quarter. GLOBALT Investments LLC GA acquired a new position in shares of Walt Disney in the fourth quarter worth $218,000. IMG Wealth Management Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $407,000. GWN Securities Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth $801,000. Finally, Van Hulzen Asset Management LLC raised its holdings in shares of Walt Disney by 3.0% in the fourth quarter. Van Hulzen Asset Management LLC now owns 125,676 shares of the entertainment giant’s stock worth $13,995,000 after acquiring an additional 3,641 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on DIS shares. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Trading Up 1.9 %

NYSE:DIS opened at $98.73 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $109.10 and its two-hundred day moving average is $104.45. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a market cap of $178.48 billion, a PE ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.