Ceeto Capital Group LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Ceeto Capital Group LLC lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,140 shares of the entertainment giant's stock after selling 5,000 shares during the period. Walt Disney accounts for 0.8% of Ceeto Capital Group LLC's investment portfolio, making the stock its 26th largest holding. Ceeto Capital Group LLC's holdings in Walt Disney were worth $2,140,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares in the last quarter. Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at about $2,415,427,000. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% during the 4th 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 last quarter. Bank of New York Mellon Corp raised its position in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reiterated a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. The Goldman Sachs Group upped their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Barclays decreased their price objective on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $124.48.

Walt Disney Price Performance

Shares of DIS traded up $0.34 during mid-day trading on Tuesday, reaching $85.00. The company had a trading volume of 7,816,140 shares, compared to its average volume of 9,989,597. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $153.67 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.80 and a beta of 1.44. The company's 50 day simple moving average is $101.31 and its 200 day simple moving average is $104.75.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate 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 year.

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.