DoubleLine ETF Adviser LP Sells 6,713 Shares of The Walt Disney Company (NYSE:DIS)

DoubleLine ETF Adviser LP lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,599 shares of the entertainment giant's stock after selling 6,713 shares during the quarter. Walt Disney makes up approximately 1.3% of DoubleLine ETF Adviser LP's holdings, making the stock its 16th biggest holding. DoubleLine ETF Adviser LP's holdings in Walt Disney were worth $4,743,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew 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 acquiring an additional 809,989 shares during the last quarter. Northern Trust Corp increased its holdings in shares of 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 in the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Walt Disney by 15.5% in the 4th 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 last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS traded up $1.71 during mid-day trading on Friday, reaching $92.52. The company's stock had a trading volume of 7,591,072 shares, compared to its average volume of 10,124,078. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $167.26 billion, a P/E ratio of 30.14, a PEG ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The business has a 50-day simple moving average of $95.08 and a two-hundred day simple moving average of $104.07.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DIS shares. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and upped their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Barclays dropped their price target on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

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.