Cetera Investment Advisers Sells 8,259 Shares of The Walt Disney Company (NYSE:DIS)

Cetera Investment Advisers lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 483,211 shares of the entertainment giant's stock after selling 8,259 shares during the quarter. Cetera Investment Advisers' holdings in Walt Disney were worth $53,806,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Trek Financial LLC boosted its position in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock worth $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after buying an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its position in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after buying an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new stake in Walt Disney in the 4th quarter worth $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in Walt Disney in the 4th quarter worth about $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Barclays lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Loop Capital increased their price objective on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note 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, Walt Disney has an average rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Trading Up 0.8 %

DIS traded up $0.81 during midday trading on Friday, hitting $105.93. 10,435,544 shares of the company were exchanged, compared to its average volume of 10,005,668. The firm has a market capitalization of $191.50 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $93.86 and its 200-day moving average price is $104.16.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Profile

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.