Virtu Financial LLC Sells 6,871 Shares of The Walt Disney Company (NYSE:DIS)

Virtu Financial LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 36.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,738 shares of the entertainment giant’s stock after selling 6,871 shares during the quarter. Virtu Financial LLC’s holdings in Walt Disney were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. United Bank lifted its position in Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after purchasing an additional 712 shares during the period. Advisors Asset Management Inc. raised its position in shares of Walt Disney by 7.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock valued at $2,826,000 after acquiring an additional 2,110 shares during the period. Eagle Asset Management Inc. raised its position in shares of Walt Disney by 49.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant’s stock valued at $1,485,000 after acquiring an additional 4,947 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Walt Disney by 3.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 60,888 shares of the entertainment giant’s stock valued at $5,857,000 after acquiring an additional 2,259 shares during the period. Finally, Okabena Investment Services Inc. raised its position in shares of Walt Disney by 25.2% in the 3rd quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant’s stock valued at $1,035,000 after acquiring an additional 2,163 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

NYSE:DIS opened at $99.51 on Monday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $108.04 and a 200 day simple moving average of $104.78. The stock has a market capitalization of $179.89 billion, a PE ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released 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 net margin of 6.07% and a return on equity of 9.95%. On average, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.