The Walt Disney Company (NYSE:DIS) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,499 shares of the entertainment giant’s stock after selling 1,656 shares during the period. Level Four Advisory Services LLC’s holdings in Walt Disney were worth $4,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. United Bank lifted its stake in shares of Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after buying an additional 712 shares during the period. CreativeOne Wealth LLC increased its holdings in shares of Walt Disney by 5.4% in the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant’s stock valued at $1,101,000 after purchasing an additional 590 shares during the period. FORA Capital LLC acquired a new position in shares of Walt Disney in the third quarter valued at about $904,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Walt Disney by 1.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 433,059 shares of the entertainment giant’s stock worth $41,656,000 after purchasing an additional 6,046 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Walt Disney by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 77,763 shares of the entertainment giant’s stock worth $7,480,000 after purchasing an additional 9,200 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Finally, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

NYSE:DIS opened at $98.02 on Friday. The firm has a market cap of $177.19 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The stock has a 50 day moving average of $107.31 and a two-hundred day moving average of $104.96. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Walt Disney Company 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.