Mackay Shields LLC decreased its holdings in Walt Disney Co (NYSE:DIS) by 16.1% in the 4th quarter, HoldingsChannel reports. The firm owned 352,012 shares of the entertainment giant’s stock after selling 67,449 shares during the quarter. Mackay Shields LLC’s holdings in Walt Disney were worth $50,911,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Carolina Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $31,000. JJJ Advisors Inc. lifted its holdings in shares of Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 120 shares during the period. TI Trust Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $39,000. Wealthcare Capital Management LLC lifted its holdings in shares of Walt Disney by 66.5% in the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock valued at $48,000 after buying an additional 133 shares during the period. Finally, ICW Investment Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $50,000. 63.78% of the stock is owned by institutional investors.

DIS has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of Walt Disney in a report on Wednesday. Cowen upped their price objective on Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Imperial Capital cut their price objective on Walt Disney from $144.00 to $143.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on Walt Disney from $160.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, Guggenheim upped their price objective on Walt Disney from to in a report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $158.77.

In related news, EVP Alan N. Braverman sold 1,113 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $146.32, for a total transaction of $162,854.16. Following the transaction, the executive vice president now directly owns 102,789 shares of the company’s stock, valued at $15,040,086.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $147.45, for a total value of $294,900.00. Following the transaction, the executive vice president now directly owns 34,479 shares in the company, valued at $5,083,928.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,258 shares of company stock valued at $917,300. 0.31% of the stock is currently owned by company insiders.

Shares of NYSE DIS traded down $0.39 during mid-day trading on Friday, hitting $117.65. 35,386,106 shares of the company traded hands, compared to its average volume of 12,314,872. Walt Disney Co has a 1 year low of $107.32 and a 1 year high of $153.41. The stock has a market capitalization of $212.41 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 4.49 and a beta of 1.00. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $140.11 and a two-hundred day moving average of $139.10.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 EPS for the quarter, beating the consensus estimate of $1.44 by $0.09. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The business had revenue of $20.86 billion during the quarter, compared to the consensus estimate of $20.84 billion. During the same period in the prior year, the business posted $1.84 earnings per share. Walt Disney’s revenue was up 36.3% compared to the same quarter last year. As a group, research analysts anticipate that Walt Disney Co will post 5.39 EPS for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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