Hillsdale Investment Management Inc. Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Hillsdale Investment Management Inc. reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 88.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,150 shares of the entertainment giant’s stock after selling 8,710 shares during the period. Hillsdale Investment Management Inc.’s holdings in Walt Disney were worth $128,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Brookstone Capital Management raised its holdings in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Greystone Financial Group LLC raised its stake in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB bought a new position in shares of Walt Disney in the fourth quarter worth about $15,125,000. Swedbank AB lifted its position in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after buying an additional 422,339 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $446,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 0.8 %

DIS stock opened at $100.24 on Tuesday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market capitalization of $181.21 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 firm’s fifty day simple moving average is $107.89 and its two-hundred day simple moving average is $104.86.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. As a group, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several analyst reports. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Prescient Securities dropped their price objective 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.