Johnson Financial Group Inc. Sells 843 Shares of The Walt Disney Company (NYSE:DIS)

Johnson Financial Group Inc. trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,942 shares of the entertainment giant’s stock after selling 843 shares during the quarter. Johnson Financial Group Inc.’s holdings in Walt Disney were worth $220,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Trek Financial LLC grew its holdings in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after acquiring an additional 30,057 shares during the last quarter. Brookstone Capital Management raised its position in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Greystone Financial Group LLC raised its position in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after acquiring an additional 9,967 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at about $446,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DIS. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Monday, April 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Stock Performance

Shares of DIS opened at $90.23 on Monday. The company has a market cap of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. 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 stock has a 50-day moving average price of $97.01 and a 200-day moving average price of $104.24. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.