Envestnet Portfolio Solutions Inc. Sells 2,389 Shares of The Walt Disney Company (NYSE:DIS)

Envestnet Portfolio Solutions Inc. trimmed its stake in The Walt Disney Company (NYSE:DIS) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,522 shares of the entertainment giant’s stock after selling 2,389 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Walt Disney were worth $8,187,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the fourth quarter worth approximately $28,000. Tacita Capital Inc increased its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $99.43 on Tuesday. 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 firm has a market capitalization of $179.74 billion, a P/E ratio of 32.39, a P/E/G ratio of 1.80 and a beta of 1.41. The business has a fifty day simple moving average of $108.87 and a two-hundred day simple moving average of $104.52. 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 announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DIS shares. Jefferies Financial Group started 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. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, 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 report on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.