The Walt Disney Company (NYSE:DIS) Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,780 shares of the entertainment giant’s stock after selling 6,829 shares during the period. Sowell Financial Services LLC’s holdings in Walt Disney were worth $5,988,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter worth $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 0.1 %

Shares of DIS stock opened at $105.58 on Friday. The stock has a market cap of $190.87 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm’s 50 day moving average price is $110.30 and its two-hundred day moving average price is $104.05.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DIS shares. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target for the company. Wells Fargo & Company increased their price target on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 15th. TD Cowen raised their target price on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

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.