Massachusetts Financial Services Co. MA lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,672,330 shares of the entertainment giant's stock after selling 1,936,347 shares during the period. Massachusetts Financial Services Co. MA owned 0.37% of Walt Disney worth $742,964,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. United Bank raised its position in Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant's stock valued at $1,168,000 after purchasing an additional 712 shares during the period. Edgestream Partners L.P. increased its position in shares of Walt Disney by 68.2% during the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant's stock worth $1,049,000 after purchasing an additional 4,421 shares during the last quarter. Atom Investors LP purchased a new stake in Walt Disney in the 3rd quarter valued at about $352,000. Benjamin Edwards Inc. lifted its position in Walt Disney by 139,052.4% in the third quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant's stock valued at $2,811,000 after buying an additional 29,201 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock worth $398,508,000 after buying an additional 2,188,610 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Stock Down 9.4 %
Shares of DIS traded down $9.21 during trading hours on Thursday, hitting $88.67. 19,326,386 shares of the company were exchanged, compared to its average volume of 9,768,674. The firm's 50 day moving average is $106.26 and its 200-day moving average is $105.26. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $120.19. The company has a market cap of $160.30 billion, a PE ratio of 28.88, a PEG ratio of 1.80 and a beta of 1.44.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DIS. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Needham & Company LLC reissued a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Macquarie reissued a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.33.
Read Our Latest Analysis 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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