Signature Estate & Investment Advisors LLC Sells 821 Shares of The Walt Disney Company (NYSE:DIS)

Signature Estate & Investment Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 9.1% in the fourth quarter, Holdings Channel reports. The fund owned 8,152 shares of the entertainment giant’s stock after selling 821 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Walt Disney were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. State Street Corp lifted its holdings in Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock valued at $7,463,978,000 after purchasing an additional 490,681 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after acquiring an additional 1,393,082 shares during the last quarter. FMR LLC boosted its holdings in shares of Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Jennison Associates LLC grew its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DIS. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

DIS opened at $101.61 on Wednesday. The company has a fifty day simple moving average of $107.76 and a 200 day simple moving average of $104.95. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $183.69 billion, a P/E ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last released 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 return on equity of 9.95% and a net margin of 6.07%. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.