MetLife Investment Management LLC Reduces Stock Position in The Walt Disney Company $DIS

Key Points

• MetLife Investment Management LLC has reduced its stake in The Walt Disney Company (NYSE:DIS) by 2.0%, owning 469,696 shares worth $46.36 million after selling 9,721 shares in the 1st quarter.
• Walt Disney's stock has a consensus rating of "Moderate Buy" from analysts, with an average price target of $131.18, as they adjust their forecasts for growth.
• The company reported $1.61 EPS for the quarter, exceeding expectations, with a revenue of $23.65 billion, reflecting a 2.1% increase year-over-year.

MetLife Investment Management LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 469,696 shares of the entertainment giant's stock after selling 9,721 shares during the quarter. MetLife Investment Management LLC's holdings in Walt Disney were worth $46,359,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney in the first quarter worth about $26,000. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management purchased a new stake in shares of Walt Disney in the fourth quarter worth about $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Thursday, August 7th. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Finally, Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average price target of $131.18.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $118.6640 on Friday. The business has a 50 day simple moving average of $119.22 and a two-hundred day simple moving average of $108.23. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market capitalization of $213.35 billion, a P/E ratio of 18.60, a PEG ratio of 1.72 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict 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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