PFC Capital Group Inc. Reduces Position in The Walt Disney Company (NYSE:DIS)

PFC Capital Group Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS) by 7.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,685 shares of the entertainment giant’s stock after selling 1,075 shares during the period. PFC Capital Group Inc.’s holdings in Walt Disney were worth $1,523,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank increased its position in Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Walt Disney by 68.2% during the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock valued at $1,049,000 after purchasing an additional 4,421 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Walt Disney during the 3rd quarter valued at about $51,000. Kestra Investment Management LLC bought a new position in shares of Walt Disney in the 3rd quarter worth approximately $255,000. Finally, Atom Investors LP purchased a new position in shares of Walt Disney in the third quarter worth approximately $352,000. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DIS shares. Prescient Securities reduced their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Up 0.7 %

Shares of DIS opened at $98.74 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $178.49 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69. The business’s 50 day simple moving average is $107.14 and its 200-day simple moving average is $105.26.

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