Brown Advisory Inc. Trims Stock Position in The Walt Disney Company (NYSE:DIS)

Brown Advisory Inc. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 264,663 shares of the entertainment giant's stock after selling 8,623 shares during the period. Brown Advisory Inc.'s holdings in Walt Disney were worth $29,470,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DIS. Geode Capital Management LLC increased its holdings in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp raised its position 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 worth $2,476,693,000 after acquiring an additional 2,096,431 shares in the last quarter. Norges Bank purchased a new stake in Walt Disney during the fourth quarter worth about $2,415,427,000. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of 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 buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

DIS stock traded up $3.17 during trading on Thursday, reaching $105.26. The company's stock had a trading volume of 19,256,860 shares, compared to its average volume of 10,047,762. The company's fifty day moving average is $94.07 and its 200-day moving average is $104.04. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a market capitalization of $190.28 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DIS. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Barclays upped their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Thursday. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.54.

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.