Cambridge Investment Research Advisors Inc. Has $37.90 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Cambridge Investment Research Advisors Inc. lessened its position in The Walt Disney Company (NYSE:DIS - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 340,374 shares of the entertainment giant's stock after selling 21,529 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Walt Disney were worth $37,901,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of 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 worth $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 10.4% during 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 acquiring an additional 2,096,431 shares during the period. Norges Bank bought a new position in Walt Disney in the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC increased its position in Walt Disney by 23.4% during the fourth 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 lifted its stake 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 during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

DIS has been the topic of a number of recent research reports. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, UBS Group decreased their target price on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Price Performance

NYSE:DIS opened at $92.20 on Wednesday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a market cap of $166.68 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock's 50-day simple moving average is $94.31 and its 200 day simple moving average is $104.06.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.

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