Congress Wealth Management LLC DE Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Congress Wealth Management LLC DE trimmed its position in The Walt Disney Company (NYSE:DIS) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,187 shares of the entertainment giant’s stock after selling 40,847 shares during the period. Congress Wealth Management LLC DE’s holdings in Walt Disney were worth $6,591,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. United Bank raised its position in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after acquiring an additional 712 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Walt Disney by 49.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,485,000 after purchasing an additional 4,947 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of Walt Disney by 25.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 5,704 shares of the entertainment giant’s stock valued at $549,000 after purchasing an additional 1,167 shares in the last quarter. FMR LLC lifted its stake in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Finally, Avestar Capital LLC boosted its holdings in Walt Disney by 4.9% during the third quarter. Avestar Capital LLC now owns 13,889 shares of the entertainment giant’s stock worth $1,336,000 after buying an additional 653 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $101.61 on Wednesday. The company has a market cap of $183.69 billion, a P/E ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s 50 day moving average is $107.76 and its two-hundred day moving average is $104.95. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 posted 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 return on equity of 9.95% and a net margin of 6.07%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Prescient Securities dropped 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. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.