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

Focused Investors LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,222,950 shares of the entertainment giant's stock after selling 11,550 shares during the quarter. Walt Disney comprises about 4.3% of Focused Investors LLC's portfolio, making the stock its 11th largest position. Focused Investors LLC owned about 0.07% of Walt Disney worth $136,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DIS. Jennison Associates LLC grew its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Walt Disney in the fourth quarter worth approximately $358,151,000. Boston Partners purchased a new position in Walt Disney during the fourth quarter worth about $350,707,000. FMR LLC boosted its position in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after buying an additional 2,765,389 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Walt Disney by 15.5% in the 4th 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 period. Hedge funds and other institutional investors own 65.71% of the company's stock.

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Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price for the company. Citigroup restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.64.

Walt Disney Stock Performance

DIS traded up $0.89 on Tuesday, hitting $101.07. 2,528,689 shares of the company's stock were exchanged, 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 stock has a fifty day moving average of $107.89 and a two-hundred day moving average of $104.86. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market cap of $182.70 billion, a PE ratio of 32.95, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.