Oder Investment Management LLC Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Oder Investment Management LLC reduced its position in shares of The Walt Disney Company (NYSE:DIS) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,089 shares of the entertainment giant’s stock after selling 582 shares during the period. Walt Disney makes up 1.0% of Oder Investment Management LLC’s portfolio, making the stock its 29th biggest holding. Oder Investment Management LLC’s holdings in Walt Disney were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the 4th quarter worth $28,000. Tacita Capital Inc increased its stake in Walt Disney by 93.2% in 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. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the fourth quarter valued at $32,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley lifted 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. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.13.

Walt Disney Stock Down 0.4 %

Shares of Walt Disney stock opened at $84.92 on Friday. 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 Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a market cap of $153.52 billion, a P/E ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44. The company’s fifty day simple moving average is $101.83 and its two-hundred day simple moving average is $104.75.

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

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.