Jennison Associates LLC Decreases Holdings in The Walt Disney Company (NYSE:DIS)

Jennison Associates LLC decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,902,149 shares of the entertainment giant's stock after selling 295,314 shares during the quarter. Walt Disney comprises approximately 1.3% of Jennison Associates LLC's portfolio, making the stock its 21st biggest holding. Jennison Associates LLC owned approximately 1.05% of Walt Disney worth $1,865,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at $27,000. Kessler Investment Group LLC grew its position in 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 acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the fourth quarter worth $32,000. Copia Wealth Management purchased a new position in Walt Disney in the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Walt Disney in the fourth quarter worth $39,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIS. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Monday, April 21st. Citigroup upped their price target on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. UBS Group upped their price target on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $128.13.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.85 on Friday, hitting $121.36. 9,472,100 shares of the company's stock were exchanged, compared to its average volume of 10,005,428. The company has a 50-day simple moving average of $117.00 and a 200-day simple moving average of $107.00. The stock has a market capitalization of $218.17 billion, a PE ratio of 24.82, a PEG ratio of 1.79 and a beta of 1.56. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the previous year, the company earned $1.21 EPS. Walt Disney's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.