Evoke Wealth LLC Decreases Stake in The Walt Disney Company (NYSE:DIS)

Evoke Wealth LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 5.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,410 shares of the entertainment giant’s stock after selling 2,458 shares during the quarter. Evoke Wealth LLC’s holdings in Walt Disney were worth $4,744,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have commented on DIS. Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.43 on Tuesday. The business has a fifty day moving average of $108.87 and a 200 day moving average of $104.52. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $179.74 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

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.