The Walt Disney Company (NYSE:DIS) Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,016 shares of the entertainment giant's stock after buying an additional 5,668 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Walt Disney were worth $4,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in Walt Disney during the 4th quarter valued at about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Rosenblatt Securities restated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Barclays increased their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Six research 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. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $1.98 on Wednesday, reaching $110.38. 10,146,261 shares of the stock were exchanged, compared to its average volume of 10,035,107. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $95.21 and a two-hundred day moving average price of $105.02. The firm has a market capitalization of $198.44 billion, a PE ratio of 35.95, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. As a group, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

About Walt Disney

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.