Paces Ferry Wealth Advisors LLC Sells 703 Shares of The Walt Disney Company (NYSE:DIS)

Paces Ferry Wealth Advisors LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 16.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,650 shares of the entertainment giant’s stock after selling 703 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Walt Disney were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank lifted its stake in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after buying an additional 712 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Walt Disney by 7.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock valued at $2,826,000 after acquiring an additional 2,110 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Walt Disney by 3.7% during the 3rd quarter. Pacer Advisors Inc. now owns 134,529 shares of the entertainment giant’s stock valued at $12,940,000 after acquiring an additional 4,842 shares during the period. Eagle Asset Management Inc. grew its holdings in Walt Disney by 49.2% in the third quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,485,000 after purchasing an additional 4,947 shares during the period. Finally, Allen Capital Group LLC increased its stake in Walt Disney by 5.4% in the third quarter. Allen Capital Group LLC now owns 2,458 shares of the entertainment giant’s stock valued at $236,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.51 on Friday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The firm’s 50-day simple moving average is $108.04 and its two-hundred day simple moving average is $104.67. The firm has a market cap of $179.89 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Prescient Securities cut their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a 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 research note on Monday, February 10th. 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 objective on the stock. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.