SlateStone Wealth LLC Sells 109 Shares of The Walt Disney Company (NYSE:DIS)

SlateStone Wealth LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,656 shares of the entertainment giant’s stock after selling 109 shares during the quarter. SlateStone Wealth LLC’s holdings in Walt Disney were worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc increased its position 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 purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney during the 4th quarter valued at $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney during the 4th quarter valued at $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

DIS opened at $98.73 on Friday. 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 market capitalization of $178.48 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s 50-day simple moving average is $109.10 and its two-hundred day simple moving average is $104.35. 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 issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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 predict that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DIS shares. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, 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.