Destination Wealth Management Sells 8,699 Shares of The Walt Disney Company (NYSE:DIS)

Destination Wealth Management lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,396 shares of the entertainment giant’s stock after selling 8,699 shares during the period. Destination Wealth Management’s holdings in Walt Disney were worth $33,226,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DIS. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $35,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Walt Disney in the 4th quarter worth about $39,000. Institutional investors own 65.71% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Down 3.5 %

Shares of NYSE:DIS opened at $105.47 on Friday. The stock has a 50 day moving average of $110.42 and a 200 day moving average of $103.95. The company has a market cap of $190.66 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DIS shares. Sanford C. Bernstein lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company boosted their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.