Earnest Partners LLC Sells 11,139 Shares of The Walt Disney Company (NYSE:DIS)

Earnest Partners LLC trimmed its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,523 shares of the entertainment giant's stock after selling 11,139 shares during the quarter. Earnest Partners LLC's holdings in Walt Disney were worth $6,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Geode Capital Management LLC raised its position 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 last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC raised its position in shares of 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 last quarter. 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 worth $1,904,563,000 after acquiring an additional 2,300,912 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock valued at $1,240,025,000 after acquiring an additional 192,871 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 0.3 %

Shares of Walt Disney stock traded down $0.25 on Thursday, hitting $90.70. The company had a trading volume of 2,856,091 shares, compared to its average volume of 9,796,737. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. 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 has a 50 day moving average of $95.85 and a 200-day moving average of $104.11. The stock has a market capitalization of $163.97 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIS. Prescient Securities dropped their price target 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. Macquarie reaffirmed a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Citigroup reaffirmed a "buy" rating and set a $125.00 target price 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.