Deutsche Bank AG Sells 932,961 Shares of The Walt Disney Company (NYSE:DIS)

Deutsche Bank AG decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,120,191 shares of the entertainment giant's stock after selling 932,961 shares during the quarter. Deutsche Bank AG owned about 0.34% of Walt Disney worth $681,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc lifted its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $32,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney in the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the fourth quarter worth $35,000. Institutional investors own 65.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on DIS shares. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Thursday. Loop Capital raised their target price on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Guggenheim reduced their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Prescient Securities cut their price objective 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. Six investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Price Performance

NYSE DIS traded up $0.81 on Friday, reaching $105.93. The company had a trading volume of 10,435,544 shares, compared to its average volume of 10,029,150. 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 stock has a market capitalization of $191.50 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The firm's 50 day moving average price is $93.86 and its 200 day moving average price is $104.11.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The company had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. As a group, equities analysts predict 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.