Wellington Shields & Co. LLC Has $3.43 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Wellington Shields & Co. LLC reduced its stake in The Walt Disney Company (NYSE:DIS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,813 shares of the entertainment giant’s stock after selling 575 shares during the quarter. Walt Disney comprises 1.1% of Wellington Shields & Co. LLC’s holdings, making the stock its 20th largest position. Wellington Shields & Co. LLC’s holdings in Walt Disney were worth $3,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc grew its position in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter worth approximately $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $98.73 on Friday. 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 Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a market cap of $178.48 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s fifty day moving average is $109.10 and its 200 day moving average is $104.27.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI boosted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Guggenheim boosted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.