Argent Advisors Inc. Cuts Stake in The Walt Disney Company (NYSE:DIS)

Argent Advisors Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,310 shares of the entertainment giant’s stock after selling 167 shares during the period. Argent Advisors Inc.’s holdings in Walt Disney were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Walt Disney during the 4th quarter valued at about $28,000. Tacita Capital Inc lifted its stake 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 acquiring an additional 124 shares during the period. Midwest Capital Advisors LLC bought a new position in Walt Disney during the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney during the 4th quarter valued at about $39,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIS shares. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. The Goldman Sachs Group increased their price objective 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. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

NYSE:DIS opened at $99.43 on Tuesday. 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 $83.91 and a 12-month high of $123.74. The stock has a 50-day moving average price of $108.87 and a 200 day moving average price of $104.52. The stock has a market capitalization of $179.74 billion, a P/E ratio of 32.39, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.