Fosun International Ltd Has $663,000 Stake in The Walt Disney Company (NYSE:DIS)

Fosun International Ltd lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 63.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,957 shares of the entertainment giant's stock after selling 10,464 shares during the period. Walt Disney comprises approximately 0.2% of Fosun International Ltd's investment portfolio, making the stock its 19th biggest position. Fosun International Ltd's holdings in Walt Disney were worth $663,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Francis Financial Inc. lifted its holdings in shares of Walt Disney by 32.5% during the 4th quarter. Francis Financial Inc. now owns 3,100 shares of the entertainment giant's stock valued at $345,000 after purchasing an additional 760 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Walt Disney by 2.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,798,791 shares of the entertainment giant's stock valued at $200,295,000 after buying an additional 44,569 shares during the last quarter. Ethic Inc. grew its position in shares of Walt Disney by 8.4% during the 4th quarter. Ethic Inc. now owns 191,565 shares of the entertainment giant's stock valued at $21,331,000 after acquiring an additional 14,794 shares during the period. Fullcircle Wealth LLC grew its position in shares of Walt Disney by 1.4% during the 4th quarter. Fullcircle Wealth LLC now owns 17,746 shares of the entertainment giant's stock valued at $1,945,000 after acquiring an additional 242 shares during the period. Finally, Clark Capital Management Group Inc. grew its position in shares of Walt Disney by 0.5% during the 4th quarter. Clark Capital Management Group Inc. now owns 433,251 shares of the entertainment giant's stock valued at $48,242,000 after acquiring an additional 2,196 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded up $0.91 during trading hours on Tuesday, reaching $111.40. The company had a trading volume of 14,019,786 shares, compared to its average volume of 10,055,123. The stock has a 50-day moving average of $93.89 and a two-hundred day moving average of $104.32. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The firm has a market capitalization of $201.39 billion, a PE ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly 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. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DIS shares. Morgan Stanley raised their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays lifted their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim lowered their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $123.54.

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.