Ally Financial Inc. Cuts Position in The Walt Disney Company (NYSE:DIS)

Ally Financial Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 54.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,000 shares of the entertainment giant's stock after selling 86,000 shares during the quarter. Walt Disney accounts for approximately 1.0% of Ally Financial Inc.'s investment portfolio, making the stock its 22nd biggest holding. Ally Financial Inc.'s holdings in Walt Disney were worth $8,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Morse Asset Management Inc grew its position in Walt Disney by 17.5% during the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock worth $2,055,000 after buying an additional 3,185 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant's stock valued at $3,551,000 after buying an additional 8,180 shares during the period. Saratoga Research & Investment Management grew its stake in shares of Walt Disney by 18.8% during the third quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant's stock valued at $147,749,000 after buying an additional 242,675 shares during the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of Walt Disney in the third quarter worth about $660,000. Finally, Boyar Asset Management Inc. lifted its stake in shares of Walt Disney by 1.7% in the 3rd quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant's stock valued at $3,201,000 after acquiring an additional 551 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

DIS traded down $1.28 on Monday, reaching $83.53. The company had a trading volume of 4,490,660 shares, compared to its average volume of 10,013,291. The stock has a 50-day moving average price of $99.24 and a 200-day moving average price of $104.45. The stock has a market capitalization of $151.00 billion, a PE ratio of 27.21, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

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 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Loop Capital lifted their price target 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. 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 report on Monday. 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. Finally, Citigroup reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $123.96.

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.