Franklin Resources Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,153,206 shares of the entertainment giant's stock after selling 1,334,264 shares during the period. Franklin Resources Inc. owned 0.45% of Walt Disney worth $907,859,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Stock Performance
Shares of DIS traded down $1.08 on Tuesday, reaching $97.63. The company's stock had a trading volume of 8,759,472 shares, compared to its average volume of 9,811,200. The stock's 50 day simple moving average is $107.14 and its two-hundred day simple moving average is $105.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $176.49 billion, a P/E ratio of 31.80, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.69.
Walt Disney (NYSE:DIS - Get Free Report) last issued 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 net margin of 6.07% and a return on equity of 9.95%. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Macquarie reaffirmed a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Prescient Securities cut their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.64.
Check Out Our Latest Stock Report on DIS
Walt Disney Company Profile
(
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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