The Walt Disney Company (NYSE:DIS) Position Trimmed by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,516 shares of the entertainment giant’s stock after selling 7,404 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Walt Disney were worth $9,411,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc lifted its position 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 valued at $29,000 after acquiring an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $98.79 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The firm’s fifty day simple moving average is $108.23 and its 200 day simple moving average is $104.61. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $178.59 billion, a PE ratio of 32.18, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. Macquarie restated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

About Walt Disney

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.