Northeast Financial Consultants Inc Has $10.64 Million Holdings in The Walt Disney Company (NYSE:DIS)

Northeast Financial Consultants Inc trimmed its stake in The Walt Disney Company (NYSE:DIS) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,507 shares of the entertainment giant’s stock after selling 214 shares during the period. Northeast Financial Consultants Inc’s holdings in Walt Disney were worth $10,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp increased its holdings in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock valued at $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank acquired a new stake in Walt Disney in the fourth quarter valued at $2,415,427,000. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock opened at $111.40 on Wednesday. The stock has a market capitalization of $200.27 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company’s 50-day moving average is $94.01 and its 200-day moving average is $104.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. During the same quarter last year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DIS. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Morgan Stanley upped their price target on shares of Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. 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. UBS Group upped their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.54.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

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.