The Walt Disney Company (NYSE:DIS) Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,283 shares of the entertainment giant’s stock after selling 141 shares during the period. Avantax Planning Partners Inc.’s holdings in Walt Disney were worth $1,145,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter worth about $35,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney in the 4th quarter valued at about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 4.9 %

Shares of DIS opened at $98.00 on Wednesday. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a market cap of $177.17 billion, a PE ratio of 31.92, a P/E/G ratio of 1.80 and a beta of 1.41. The stock’s 50-day moving average is $109.88 and its two-hundred day moving average is $104.30.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on DIS. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price 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 reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus 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.