The Walt Disney Company (NYSE:DIS) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its position in The Walt Disney Company (NYSE:DIS - Free Report) by 50.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,775 shares of the entertainment giant's stock after selling 89,720 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Walt Disney were worth $9,774,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership grew its stake in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Jennison Associates LLC increased its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Walt Disney in the fourth quarter valued at about $358,151,000. Finally, Boston Partners acquired a new stake in Walt Disney in the fourth quarter worth about $350,707,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS traded down $0.22 during midday trading on Thursday, hitting $90.73. The stock had a trading volume of 2,637,402 shares, compared to its average volume of 10,075,006. 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 1 year low of $80.10 and a 1 year high of $118.63. The company has a market capitalization of $164.01 billion, a PE ratio of 29.55, a P/E/G ratio of 1.80 and a beta of 1.44. The stock has a 50 day simple moving average of $95.85 and a 200-day simple moving average of $104.11.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results 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 net margin of 6.07% and a return on equity of 9.95%. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DIS shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. UBS Group dropped their price objective on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Citigroup restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Barclays cut their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

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.