The Walt Disney Company (NYSE:DIS) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 234,225 shares of the entertainment giant’s stock after selling 2,500 shares during the quarter. Gabelli Funds LLC’s holdings in Walt Disney were worth $26,081,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Trek Financial LLC increased its holdings in shares of Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after acquiring an additional 30,057 shares during the period. Brookstone Capital Management increased its stake in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares during the period. Greystone Financial Group LLC raised its holdings in shares of Walt Disney by 13.3% in the fourth 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 last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney during the fourth quarter worth about $15,125,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Walt Disney during the fourth quarter worth about $446,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DIS has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. UBS Group dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.48.

Walt Disney Price Performance

DIS stock opened at $85.00 on Wednesday. The stock’s 50 day moving average price is $100.77 and its 200 day moving average price is $104.67. The firm has a market cap of $153.67 billion, a P/E ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.