The Walt Disney Company $DIS Stake Lowered by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. cut its stake in The Walt Disney Company by 87.7% in Q4, selling 4,133,933 shares and retaining 577,420 shares worth about $65.7 million.
• Analyst coverage is mixed but overall constructive: MarketBeat shows a consensus rating of "Moderate Buy" with a $134.13 average price target (17 Buys, 6 Holds, 1 Sell), while individual targets range from $115 to $151.
• Strategic/headline risks are weighing on the stock — OpenAI’s Sora shutdown ended a planned ~$1B partnership with Disney and the $1.5B Epic Games deal faces integration/headcount complications — factors contributing to investor caution and a recent 1.7% share decline to $96.31.

Assenagon Asset Management S.A. cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 87.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 577,420 shares of the entertainment giant's stock after selling 4,133,933 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Walt Disney were worth $65,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Walt Disney by 7.7% during the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after acquiring an additional 1,904 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Walt Disney by 31.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,470 shares of the entertainment giant's stock worth $678,000 after purchasing an additional 1,322 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Walt Disney by 16.2% during the 2nd quarter. Schnieders Capital Management LLC. now owns 17,955 shares of the entertainment giant's stock valued at $2,227,000 after purchasing an additional 2,503 shares in the last quarter. Waterloo Capital L.P. lifted its stake in shares of Walt Disney by 38.1% in the 2nd quarter. Waterloo Capital L.P. now owns 4,790 shares of the entertainment giant's stock valued at $594,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Walt Disney in the 2nd quarter valued at $5,644,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $151.00 target price on shares of Walt Disney in a research report on Monday, February 2nd. TD Cowen reaffirmed a "hold" rating and issued a $123.00 price target on shares of Walt Disney in a research report on Tuesday, February 3rd. UBS Group reiterated a "mixed" rating on shares of Walt Disney in a research note on Monday, February 2nd. Guggenheim cut their price objective on Walt Disney from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, March 18th. Finally, Barclays restated an "overweight" rating on shares of Walt Disney in a report on Monday, February 2nd. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.13.

Walt Disney News Roundup

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Bank of America reiterated a Buy and says Disney’s fiscal‑2026 earnings should be weighted to the second half of the year — supporting upside potential if parks/content momentum continues. Bank of America: Disney poised for back-half earnings acceleration
• Positive Sentiment: Roku’s new streaming service will include Disney content, which could broaden distribution and incremental viewership for Disney+ content licensing. Roku to include Disney content
• Neutral Sentiment: Analysts and commentators (including Robert Fishman/Bloomberg summaries) highlight transition risk as Bob Iger hands operational control to Josh D’Amaro — a reminder that investor confidence will hinge on D’Amaro’s ability to stabilize media and streaming economics. Robert Fishman / Bloomberg coverage
• Negative Sentiment: OpenAI’s Sora app is being shut down and the planned ~$1B investment/partnership with Disney is no longer moving forward — a material strategic setback for Disney’s plans to deploy generative‑AI video on Disney+/Hulu. Deadline: Sora shutdown / OpenAI deal not moving forward
• Negative Sentiment: Disney’s $1.5B Epic Games deal faces complications after mass layoffs at the acquired/related units, raising execution risk and near-term integration costs for Disney’s gaming push. WDWMagic: Epic Games deal complications
• Negative Sentiment: Some sell‑side notes and market commentary point to still‑fragile investor confidence (price‑target cuts and missed market rallies), which is keeping shares under pressure despite positive medium‑term catalysts. Yahoo Finance: DIS stock sinks as market gains

Walt Disney Stock Down 1.7%

NYSE DIS opened at $96.31 on Wednesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The company has a market capitalization of $170.61 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.33 and a beta of 1.42. The stock's 50 day moving average is $105.63 and its two-hundred day moving average is $109.33. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Monday, February 2nd. The entertainment giant reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.06. The business had revenue of $25.98 billion during the quarter, compared to analysts' expectations of $25.54 billion. Walt Disney had a return on equity of 8.90% and a net margin of 12.80%.Walt Disney's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

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