Colonial Trust Advisors Cuts Stake in The Walt Disney Company (NYSE:DIS)

Colonial Trust Advisors trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,002 shares of the entertainment giant’s stock after selling 5,348 shares during the quarter. Colonial Trust Advisors’ holdings in Walt Disney were worth $9,131,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Walt Disney in the fourth quarter valued at about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DIS. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.75.

Walt Disney Stock Up 12.2 %

DIS stock opened at $91.69 on Thursday. 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 52-week low of $80.10 and a 52-week high of $118.63. The company has a 50-day moving average of $102.98 and a two-hundred day moving average of $104.86. The stock has a market capitalization of $165.76 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities research analysts anticipate 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.