Hoey Investments Inc. Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Hoey Investments Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586 shares of the entertainment giant’s stock after selling 492 shares during the period. Hoey Investments Inc.’s holdings in Walt Disney were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. United Bank increased its holdings 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 buying an additional 712 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Walt Disney by 53.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 852,003 shares of the entertainment giant’s stock worth $81,954,000 after purchasing an additional 297,017 shares in the last quarter. Edgestream Partners L.P. raised its holdings in Walt Disney by 68.2% in the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock worth $1,049,000 after purchasing an additional 4,421 shares during the period. Encompass More Asset Management lifted its position in Walt Disney by 14.9% during the third quarter. Encompass More Asset Management now owns 2,662 shares of the entertainment giant’s stock valued at $256,000 after purchasing an additional 345 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its holdings in Walt Disney by 1.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 167,198 shares of the entertainment giant’s stock valued at $16,083,000 after purchasing an additional 1,953 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DIS shares. Jefferies Financial Group began 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. Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Trading Down 2.4 %

DIS opened at $98.02 on Monday. The stock has a 50-day moving average of $107.31 and a 200 day moving average of $105.19. 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 12 month low of $83.91 and a 12 month high of $123.69. The firm has a market cap of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its 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%. As a group, research analysts forecast 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.