Heritage Wealth Advisors Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Heritage Wealth Advisors cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 72.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,770 shares of the entertainment giant’s stock after selling 4,681 shares during the period. Heritage Wealth Advisors’ holdings in Walt Disney were worth $197,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc boosted its holdings 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 in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney in the 4th quarter worth approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 1.4 %

Shares of NYSE:DIS opened at $101.61 on Wednesday. The firm has a market capitalization of $183.69 billion, a P/E ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41. 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 stock has a 50 day moving average price of $107.76 and a 200-day moving average price of $104.95. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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 anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.