Harbor Advisors LLC Reduces Stake in The Walt Disney Company (NYSE:DIS)

Harbor Advisors LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 30.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,328 shares of the entertainment giant’s stock after selling 1,431 shares during the period. Harbor Advisors LLC’s holdings in Walt Disney were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Walt Disney during the fourth quarter worth $78,601,000. Knights of Columbus Asset Advisors LLC raised its holdings in Walt Disney by 2.5% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 113,590 shares of the entertainment giant’s stock worth $12,648,000 after purchasing an additional 2,805 shares during the last quarter. Intellus Advisors LLC acquired a new position in Walt Disney during the fourth quarter worth $648,000. American Century Companies Inc. raised its holdings in Walt Disney by 20.0% during the fourth quarter. American Century Companies Inc. now owns 1,186,639 shares of the entertainment giant’s stock worth $132,133,000 after purchasing an additional 198,096 shares during the last quarter. Finally, Plancorp LLC raised its holdings in Walt Disney by 7.7% during the fourth quarter. Plancorp LLC now owns 6,553 shares of the entertainment giant’s stock worth $730,000 after purchasing an additional 469 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock opened at $99.51 on Friday. The stock has a 50-day moving average price of $108.04 and a two-hundred day moving average price of $104.67. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. 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 company has a market cap of $179.89 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DIS shares. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Prescient Securities dropped their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Six 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. Based on data from MarketBeat, Walt Disney 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.