Farallon Capital Management LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Farallon Capital Management LLC reduced its position in The Walt Disney Company (NYSE:DIS - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,428,068 shares of the entertainment giant's stock after selling 1,401,500 shares during the period. Walt Disney makes up about 2.5% of Farallon Capital Management LLC's holdings, making the stock its 11th biggest holding. Farallon Capital Management LLC owned approximately 0.24% of Walt Disney worth $493,065,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DIS. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter valued at about $32,000. Midwest Capital Advisors LLC bought a new position in Walt Disney during the 4th quarter worth approximately $34,000. Finally, Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Guggenheim lowered their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Trading Up 3.1 %

NYSE DIS opened at $105.26 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market cap of $190.28 billion, a P/E ratio of 34.29, a P/E/G ratio of 1.80 and a beta of 1.49. The stock's 50-day moving average is $93.92 and its 200-day moving average is $104.05. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. The company had revenue of $23.62 billion during 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%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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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