KCM Investment Advisors LLC Has $4.52 Million Position in The Walt Disney Company (NYSE:DIS)

KCM Investment Advisors LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,614 shares of the entertainment giant's stock after selling 6,215 shares during the quarter. KCM Investment Advisors LLC's holdings in Walt Disney were worth $4,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DIS. Norges Bank bought a new stake in Walt Disney during the fourth quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC raised its position in shares of Walt Disney by 23.4% during the fourth 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 during the period. Raymond James Financial Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $358,151,000. Finally, Boston Partners purchased a new position in Walt Disney in the 4th quarter worth about $350,707,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

Shares of DIS traded up $0.44 during mid-day trading on Wednesday, hitting $82.16. The company's stock had a trading volume of 5,564,856 shares, compared to its average volume of 9,864,882. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The stock's 50-day moving average is $103.84 and its two-hundred day moving average is $105.05. The firm has a market capitalization of $148.53 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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 (EPS) 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%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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 lifted their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. 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 report on Tuesday, February 4th. Needham & Company LLC restated a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Barclays cut their price target on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued 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 $125.75.

About Walt Disney

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.