Earnest Partners LLC decreased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,523 shares of the entertainment giant's stock after selling 11,139 shares during the period. Earnest Partners LLC's holdings in Walt Disney were worth $6,294,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc lifted its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Walt Disney in the 4th quarter valued at approximately $32,000. Midwest Capital Advisors LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $35,000. Institutional investors own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on DIS shares. Macquarie restated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, April 22nd. Loop Capital upped 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. Finally, Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.
Get Our Latest Analysis on DIS
Walt Disney Stock Up 0.2 %
Walt Disney stock opened at $90.23 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a market capitalization of $163.12 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm's fifty day moving average price is $97.01 and its two-hundred day moving average price is $104.24. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share 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.
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