Regal Partners Ltd reduced its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 91.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,342 shares of the entertainment giant's stock after selling 188,547 shares during the quarter. Regal Partners Ltd's holdings in Walt Disney were worth $2,042,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at $2,415,427,000. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth about $358,151,000. Finally, Boston Partners bought a new stake in Walt Disney during the 4th quarter valued at approximately $350,707,000. Institutional investors own 65.71% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Barclays dropped their price target on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their target price on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and an average target price of $123.75.
View Our Latest Research Report on Walt Disney
Walt Disney Trading Up 1.1 %
DIS stock opened at $91.16 on Wednesday. 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 $164.80 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.80 and a beta of 1.44. The business has a fifty day moving average price of $96.20 and a 200 day moving average price of $104.20. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 for the quarter, beating 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%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
About Walt Disney
(
Free Report)
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.
Further Reading
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