Corebridge Financial Inc. Lowers Stake in The Walt Disney Company (NYSE:DIS)

Corebridge Financial Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 416,209 shares of the entertainment giant's stock after selling 20,580 shares during the quarter. Corebridge Financial Inc.'s holdings in Walt Disney were worth $46,345,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after buying an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its position in Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after acquiring an additional 9,967 shares during the period. Avanza Fonder AB purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $15,125,000. Swedbank AB increased its holdings in shares of Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after purchasing an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $446,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target on the stock. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Finally, The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.64.

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Walt Disney Price Performance

Shares of NYSE DIS traded up $1.43 during trading on Tuesday, reaching $101.61. The company had a trading volume of 7,358,398 shares, compared to its average volume of 9,539,415. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The stock has a 50-day moving average price of $107.89 and a two-hundred day moving average price of $104.86. The stock has a market capitalization of $183.69 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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 the consensus estimate 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, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share 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.