Integrated Wealth Concepts LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Integrated Wealth Concepts LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,290 shares of the entertainment giant's stock after selling 12,968 shares during the period. Integrated Wealth Concepts LLC's holdings in Walt Disney were worth $7,493,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Walt Disney during the fourth quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership raised its stake in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Jennison Associates LLC raised its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. bought a new position in Walt Disney during the fourth quarter worth $358,151,000. Finally, Boston Partners bought a new stake in Walt Disney in the fourth quarter valued at $350,707,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DIS shares. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. UBS Group lowered their price objective on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, April 22nd. Finally, Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Performance

DIS traded up $1.07 during trading on Tuesday, hitting $91.23. The company's stock had a trading volume of 2,218,247 shares, compared to its average volume of 10,075,410. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The firm has a market cap of $164.92 billion, a PE ratio of 29.69, a P/E/G ratio of 1.80 and a beta of 1.44. The business's 50 day simple moving average is $96.59 and its 200-day simple moving average is $104.22.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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, sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney Company 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.