Nemes Rush Group LLC Lowers Stock Holdings in The Walt Disney Company (NYSE:DIS)

Nemes Rush Group LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 67.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the entertainment giant’s stock after selling 7,413 shares during the period. Nemes Rush Group LLC’s holdings in Walt Disney were worth $396,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new stake in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC purchased a new position in Walt Disney in the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney during the 4th quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DIS. The Goldman Sachs Group increased their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, Citigroup reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.33.

Walt Disney Stock Down 1.1 %

DIS stock opened at $97.63 on Wednesday. The company has a market cap of $176.49 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a fifty day moving average price of $106.92 and a 200 day moving average price of $105.32. 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 12 month low of $83.91 and a 12 month high of $123.69.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.