Balboa Wealth Partners Sells 5,879 Shares of The Walt Disney Company (NYSE:DIS)

Balboa Wealth Partners trimmed its position in The Walt Disney Company (NYSE:DIS) by 56.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,579 shares of the entertainment giant’s stock after selling 5,879 shares during the period. Balboa Wealth Partners’ holdings in Walt Disney were worth $510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $28,000. Tacita Capital Inc raised its position in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE DIS opened at $96.76 on Friday. The company has a 50-day simple moving average of $109.35 and a two-hundred day simple moving average of $104.30. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a market cap of $174.91 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its earnings results 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 return on equity of 9.95% and a net margin of 6.07%. On average, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

DIS has been the subject of several research reports. Sanford C. Bernstein increased their price objective on Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Jefferies Financial Group started coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.