B. Metzler seel. Sohn & Co. AG Sells 31,158 Shares of The Walt Disney Company (NYSE:DIS)

B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,215 shares of the entertainment giant’s stock after selling 31,158 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Walt Disney were worth $12,814,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter worth approximately $28,000. Tacita Capital Inc increased its stake 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 bought a new stake in shares of Walt Disney in the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth $35,000. Finally, Vision Financial Markets LLC acquired a new stake in Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 2.4 %

Shares of DIS stock opened at $98.02 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market cap of $177.19 billion, a P/E ratio of 31.93, a PEG ratio of 1.80 and a beta of 1.41. The company has a 50 day moving average of $107.31 and a 200-day moving average of $105.19. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.69.

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 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%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIS. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital increased 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. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target 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.