The Walt Disney Company (NYSE:DIS) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,860 shares of the entertainment giant’s stock after selling 211,466 shares during the period. Ceredex Value Advisors LLC’s holdings in Walt Disney were worth $36,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc boosted its stake in Walt Disney by 93.2% in 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 during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the 4th quarter worth approximately $32,000. Midwest Capital Advisors LLC purchased a new position in Walt Disney during the 4th quarter worth approximately $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Barclays dropped their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.48.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $85.00 on Wednesday. The stock has a market capitalization of $153.67 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.44. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a fifty day simple moving average of $100.77 and a 200-day simple moving average of $104.67.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, sell-side 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.