Hillsdale Investment Management Inc. Sells 8,710 Shares of The Walt Disney Company (NYSE:DIS)

Hillsdale Investment Management Inc. reduced its stake in The Walt Disney Company (NYSE:DIS) by 88.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150 shares of the entertainment giant’s stock after selling 8,710 shares during the period. Hillsdale Investment Management Inc.’s holdings in Walt Disney were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DIS. Brookstone Capital Management grew its stake in Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in shares of Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB bought a new position in shares of Walt Disney during the 4th quarter worth $15,125,000. Swedbank AB increased its stake in shares of Walt Disney by 14.4% during the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after buying an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at about $446,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DIS. Prescient Securities cut their target price 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. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Up 0.8 %

NYSE:DIS opened at $100.24 on Tuesday. The firm has a market capitalization of $181.21 billion, a P/E ratio of 32.65, a PEG ratio of 1.80 and a beta of 1.41. The company’s fifty day moving average price is $107.89 and its 200-day moving average price is $104.86. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.