The Walt Disney Company (NYSE:DIS) Stake Reduced by DRH Investments Inc.

DRH Investments Inc. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,137 shares of the entertainment giant's stock after selling 10,469 shares during the quarter. Walt Disney accounts for approximately 11.4% of DRH Investments Inc.'s holdings, making the stock its 2nd biggest holding. DRH Investments Inc.'s holdings in Walt Disney were worth $9,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after buying an additional 809,989 shares during the period. Norges Bank acquired a new stake in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Walt Disney by 15.5% during 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Walt Disney by 75.8% during the 4th 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 period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Rosenblatt Securities restated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Citigroup reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $124.48.

Walt Disney Stock Up 1.1 %

Shares of Walt Disney stock traded up $0.91 on Tuesday, hitting $85.57. The company had a trading volume of 3,289,429 shares, compared to its average volume of 9,972,664. 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 stock has a market capitalization of $154.69 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 1.80 and a beta of 1.44. The stock has a 50 day moving average of $101.31 and a 200-day moving average of $104.75. 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 posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.