Cannell & Spears LLC Sells 6,129 Shares of The Walt Disney Company (NYSE:DIS)

Cannell & Spears LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 377,398 shares of the entertainment giant’s stock after selling 6,129 shares during the period. Cannell & Spears LLC’s holdings in Walt Disney were worth $42,023,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its position in Walt Disney by 93.2% in 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 during the last quarter. Midwest Capital Advisors LLC purchased a new position in Walt Disney during the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at $39,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 2.4 %

Shares of NYSE DIS opened at $98.02 on Monday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.69. The business has a fifty day moving average price of $107.31 and a 200 day moving average price of $105.19. The stock has a market capitalization of $177.19 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DIS. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Profile

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.