Legal & General Group Plc decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,833,669 shares of the entertainment giant's stock after selling 3,258,783 shares during the period. Legal & General Group Plc owned approximately 0.60% of Walt Disney worth $1,206,329,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. United Bank lifted its holdings in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant's stock worth $1,168,000 after purchasing an additional 712 shares during the period. Morse Asset Management Inc lifted its stake in shares of Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock worth $2,055,000 after acquiring an additional 3,185 shares during the period. XTX Topco Ltd boosted its holdings in shares of Walt Disney by 478.2% in the third quarter. XTX Topco Ltd now owns 17,044 shares of the entertainment giant's stock valued at $1,639,000 after acquiring an additional 14,096 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Walt Disney by 1.9% during the third quarter. Orion Portfolio Solutions LLC now owns 77,288 shares of the entertainment giant's stock valued at $7,434,000 after acquiring an additional 1,456 shares during the period. Finally, Kensington Investment Counsel LLC raised its holdings in Walt Disney by 10.2% during the third quarter. Kensington Investment Counsel LLC now owns 4,331 shares of the entertainment giant's stock worth $417,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 65.71% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on DIS shares. Citigroup reissued a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Prescient Securities dropped their price target 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. Rosenblatt Securities restated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Macquarie reiterated a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Six 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 stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average target price of $125.33.
Get Our Latest Report on Walt Disney
Walt Disney Stock Down 0.4 %
DIS traded down $0.30 on Monday, reaching $83.23. 20,445,624 shares of the company traded hands, compared to its average volume of 9,846,693. The Walt Disney Company has a 52-week low of $80.22 and a 52-week high of $118.63. 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 company has a market cap of $150.46 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.80 and a beta of 1.44. The stock's 50 day moving average price is $105.08 and its 200-day moving average price is $105.21.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
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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