Thornburg Investment Management Inc. Has $1.22 Million Position in The Walt Disney Company (NYSE:DIS)

Thornburg Investment Management Inc. lowered its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 71.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,336 shares of the entertainment giant's stock after selling 30,680 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Walt Disney were worth $1,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares during the period. Northern Trust Corp raised its position in shares of Walt Disney by 10.4% in the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after buying an additional 2,096,431 shares during the period. Bank of New York Mellon Corp raised its position in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock worth $1,758,968,000 after buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Walt Disney by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after buying an additional 192,871 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DIS. JPMorgan Chase & Co. increased their target price on Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Citigroup lifted their price target on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Finally, Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.70.

Walt Disney Stock Down 2.1%

Shares of DIS stock traded down $2.54 on Friday, hitting $116.57. The company's stock had a trading volume of 8,509,376 shares, compared to its average volume of 9,738,922. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm's fifty day moving average price is $118.62 and its 200-day moving average price is $107.66. The stock has a market capitalization of $209.56 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.75 and a beta of 1.56.

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

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were 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 owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.