Invesco Ltd. Sells 341,624 Shares of The Walt Disney Company (NYSE:DIS)

Invesco Ltd. reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,366,140 shares of the entertainment giant's stock after selling 341,624 shares during the quarter. Invesco Ltd. owned about 0.68% of Walt Disney worth $1,376,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. Farmers Trust Co. lifted its holdings in shares of Walt Disney by 1.1% in the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock worth $945,000 after acquiring an additional 92 shares during the last quarter. Pathway Financial Advisors LLC grew its stake in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after purchasing an additional 92 shares during the last quarter. Prossimo Advisors LLC increased its position in Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after purchasing an additional 92 shares during the period. Saxon Interests Inc. boosted its stake in shares of Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock valued at $380,000 after purchasing an additional 93 shares during the last quarter. Finally, Onefund LLC raised its stake in Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Down 6.4 %

NYSE:DIS traded down $5.88 during trading hours on Thursday, hitting $85.56. The company had a trading volume of 10,016,685 shares, compared to its average volume of 9,952,821. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The stock has a 50-day moving average price of $102.98 and a 200 day moving average price of $104.86. The company has a market capitalization of $154.68 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

DIS has been the topic of several research analyst reports. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. The Goldman Sachs Group lifted their price target on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $125.75.

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.