CIBC Private Wealth Group LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

CIBC Private Wealth Group LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,204,881 shares of the entertainment giant’s stock after selling 124,901 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Walt Disney were worth $351,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% during 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 purchased a new stake in shares of Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney during the fourth quarter worth about $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Finally, Macquarie reissued a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Six investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Down 2.4 %

Shares of Walt Disney stock opened at $98.02 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.69. The business has a 50-day moving average of $107.31 and a 200-day moving average of $105.07. The company has a market capitalization of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.