Holderness Investments Co. Has $547,000 Stock Position in The Walt Disney Company (NYSE:DIS)

Holderness Investments Co. reduced its stake in The Walt Disney Company (NYSE:DIS) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 4,915 shares of the entertainment giant’s stock after selling 437 shares during the period. Holderness Investments Co.’s holdings in Walt Disney were worth $547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth about $28,000. Tacita Capital Inc boosted its stake in 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 acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney during the fourth quarter worth $39,000. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DIS shares. The Goldman Sachs Group upped their price objective 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. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Down 1.5 %

NYSE:DIS opened at $98.79 on Friday. The firm has a market capitalization of $178.59 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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’s 50 day moving average price is $108.23 and its two-hundred day moving average price is $104.61.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts expect 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.