Hollencrest Capital Management Sells 490 Shares of The Walt Disney Company (NYSE:DIS)

Hollencrest Capital Management lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,786 shares of the entertainment giant’s stock after selling 490 shares during the quarter. Hollencrest Capital Management’s holdings in Walt Disney were worth $756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Sequoia Financial Advisors LLC boosted its stake in shares of Walt Disney by 1.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 111,393 shares of the entertainment giant’s stock valued at $12,404,000 after buying an additional 1,696 shares during the period. HighTower Advisors LLC lifted its stake in Walt Disney by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 2,523,138 shares of the entertainment giant’s stock worth $280,951,000 after purchasing an additional 40,672 shares during the last quarter. Bender Robert & Associates lifted its stake in Walt Disney by 0.6% during the fourth quarter. Bender Robert & Associates now owns 32,394 shares of the entertainment giant’s stock worth $3,607,000 after purchasing an additional 198 shares during the last quarter. Natural Investments LLC bought a new stake in Walt Disney during the fourth quarter worth $454,000. Finally, AGF Management Ltd. lifted its stake in Walt Disney by 2.4% during the fourth quarter. AGF Management Ltd. now owns 361,087 shares of the entertainment giant’s stock worth $40,207,000 after purchasing an additional 8,584 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $98.00 on Wednesday. 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 company has a market cap of $177.17 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm’s fifty day simple moving average is $109.88 and its two-hundred day simple moving average is $104.30.

Walt Disney (NYSE:DIS) last posted 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 net margin of 6.07% and a return on equity of 9.95%. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Guggenheim increased their price target on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. 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 target for the company. Bank of America increased their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target 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.