Greenline Partners LLC Sells 19,959 Shares of The Walt Disney Company (NYSE:DIS)

Greenline Partners LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 92.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,522 shares of the entertainment giant’s stock after selling 19,959 shares during the period. Greenline Partners LLC’s holdings in Walt Disney were worth $169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted its stake in 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 in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the 4th quarter valued at $32,000. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth about $35,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of DIS stock opened at $105.93 on Friday. The firm’s 50 day moving average price is $93.86 and its two-hundred day moving average price is $104.11. 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 Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market cap of $191.50 billion, a PE ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on DIS. Guggenheim lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group upped their price target on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.54.

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.