DRW Securities LLC Sells 12,420 Shares of The Walt Disney Company (NYSE:DIS)

DRW Securities LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,015 shares of the entertainment giant’s stock after selling 12,420 shares during the quarter. DRW Securities LLC’s holdings in Walt Disney were worth $558,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Trek Financial LLC boosted its stake in Walt Disney by 479.9% during the fourth 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 in the last quarter. Brookstone Capital Management boosted its position in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC grew its stake 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 valued at $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB bought a new stake in Walt Disney in the 4th quarter valued at about $15,125,000. Finally, FourThought Financial Partners LLC acquired a new position in Walt Disney during the 4th quarter worth approximately $446,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research reports. Prescient Securities reduced their price objective 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. The Goldman Sachs Group lifted their price target 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. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.75.

Walt Disney Stock Up 12.2 %

DIS opened at $91.69 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company’s 50-day moving average price is $102.98 and its two-hundred day moving average price is $104.86. The stock has a market cap of $165.76 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.