The Walt Disney Company (NYSE:DIS) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 19,001 shares of the entertainment giant’s stock after selling 725 shares during the period. Summit Investment Advisors Inc.’s holdings in Walt Disney were worth $2,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Farmers Trust Co. boosted its position in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock worth $945,000 after buying an additional 92 shares during the period. Pathway Financial Advisors LLC raised its stake in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC boosted its position in Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after acquiring an additional 92 shares during the period. Saxon Interests Inc. grew its stake in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC increased its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock valued at $541,000 after purchasing an additional 93 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.3 %

Shares of Walt Disney stock opened at $84.65 on Tuesday. The company has a market cap of $153.03 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. 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 stock has a 50-day moving average price of $101.31 and a 200 day moving average price of $104.75.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate 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, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Prescient Securities dropped their price objective on 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, Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.13.

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.