Addison Capital Co Sells 749 Shares of The Walt Disney Company (NYSE:DIS)

Addison Capital Co reduced its stake in The Walt Disney Company (NYSE:DIS) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,096 shares of the entertainment giant’s stock after selling 749 shares during the period. Walt Disney makes up approximately 1.2% of Addison Capital Co’s investment portfolio, making the stock its 26th biggest position. Addison Capital Co’s holdings in Walt Disney were worth $3,017,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Farmers Trust Co. grew its holdings in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after purchasing an additional 92 shares in the last quarter. Pathway Financial Advisors LLC lifted its position in Walt Disney by 2.7% during the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock worth $386,000 after purchasing an additional 92 shares during the period. Prossimo Advisors LLC grew its stake in Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after buying an additional 92 shares in the last quarter. Saxon Interests Inc. increased its holdings in Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock valued at $380,000 after buying an additional 93 shares during the period. Finally, Onefund LLC raised its position in shares of Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after buying an additional 93 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $98.73 on Monday. 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 fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a 50 day simple moving average of $109.10 and a two-hundred day simple moving average of $104.45. The company has a market capitalization 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 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 anticipate 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 topic of a number of recent analyst reports. Morgan Stanley lifted 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. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group assumed coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six equities research 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. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Company 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.