The Walt Disney Company (NYSE:DIS) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 431,663 shares of the entertainment giant’s stock after selling 6,850 shares during the period. Tocqueville Asset Management L.P.’s holdings in Walt Disney were worth $48,066,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $28,000. Tacita Capital Inc increased 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 worth $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $98.73 on Monday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. 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 business has a fifty day moving average of $109.10 and a two-hundred day moving average of $104.45. The company has a market cap of $178.48 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Six research 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’s stock. Based on data from MarketBeat.com, the company presently has an average 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.