Evanson Asset Management LLC cut its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,624 shares of the entertainment giant’s stock after selling 1,127 shares during the period. Evanson Asset Management LLC’s holdings in Walt Disney were worth $909,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Syverson Strege & Co grew its holdings in Walt Disney by 384.8% during the 4th quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Sandy Cove Advisors LLC bought a new position in Walt Disney during the 4th quarter worth about $27,000. MBM Wealth Consultants LLC grew its holdings in Walt Disney by 94.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. Joseph Group Capital Management bought a new position in Walt Disney during the 4th quarter worth about $1,573,000. Finally, Advanced Research Investment Solutions LLC grew its holdings in Walt Disney by 46.0% during the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.
NYSE:DIS opened at $93.50 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market cap of $170.23 billion, a price-to-earnings ratio of 64.48, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. The company has a 50 day moving average price of $108.79 and a 200-day moving average price of $132.54. The Walt Disney Company has a 1-year low of $92.01 and a 1-year high of $187.58.
A number of analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. lowered their price target on shares of Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. Truist Financial lowered their price target on shares of Walt Disney from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, June 2nd. Tigress Financial restated a “buy” rating and issued a $229.00 price target on shares of Walt Disney in a report on Friday, April 1st. Royal Bank of Canada lowered their price target on shares of Walt Disney from $210.00 to $176.00 in a report on Thursday, May 12th. Finally, StockNews.com cut shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $167.56.
Walt Disney Profile (Get Rating)
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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