The Walt Disney Company (NYSE:DIS) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,611 shares of the entertainment giant's stock after selling 249,901 shares during the quarter. Pinebridge Investments L.P.'s holdings in Walt Disney were worth $31,914,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farmers Trust Co. grew its position in shares of Walt Disney by 1.1% during 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 boosted its stake in Walt Disney by 2.7% during the 4th 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 period. Prossimo Advisors LLC grew 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 worth $972,000 after purchasing an additional 92 shares during the last quarter. Saxon Interests Inc. increased its stake in Walt Disney by 2.8% in the fourth 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 period. Finally, Onefund LLC increased its stake in Walt Disney by 2.0% in the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

DIS traded up $0.22 during midday trading on Friday, reaching $90.23. 7,747,097 shares of the company's stock were exchanged, compared to its average volume of 10,112,719. 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 stock has a market capitalization of $163.12 billion, a PE ratio of 29.39, a P/E/G ratio of 1.80 and a beta of 1.44. The business's 50-day moving average price is $97.01 and its 200 day moving average price is $104.24. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last announced 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%. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on DIS. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, April 22nd. Macquarie restated a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Citigroup restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research note on Monday, April 21st. Six equities research 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 company's stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $123.75.

Walt Disney 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.