The Walt Disney Company (NYSE:DIS) Shares Sold by Fmr LLC

FMR LLC cut its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,786,865 shares of the entertainment giant's stock after selling 1,629,803 shares during the quarter. FMR LLC owned about 1.81% of Walt Disney worth $3,650,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Jennison Associates LLC boosted its stake in 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 purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $358,151,000. Finally, Boston Partners bought a new stake in shares of Walt Disney in the 4th quarter worth $350,707,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Trading Down 6.2 %

Shares of NYSE DIS traded down $5.68 during mid-day trading on Thursday, reaching $85.76. 10,016,685 shares of the company's stock were exchanged, compared to its average volume of 9,952,821. 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 firm has a market capitalization of $155.04 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.80 and a beta of 1.44. The company's 50-day moving average is $102.98 and its 200-day moving average is $104.86. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63.

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%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DIS. 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. Citigroup reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Barclays dropped their target price on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.75.

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.