Ostrum Asset Management Sells 6,370 Shares of The Walt Disney Company (NYSE:DIS)

Ostrum Asset Management trimmed its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 378,157 shares of the entertainment giant's stock after selling 6,370 shares during the period. Walt Disney makes up approximately 3.6% of Ostrum Asset Management's holdings, making the stock its 7th biggest holding. Ostrum Asset Management's holdings in Walt Disney were worth $42,108,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the 4th quarter valued at approximately $28,000. Tacita Capital Inc increased 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 valued at $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the 4th quarter worth $32,000. Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DIS. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their price objective on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. 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 report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Stock Up 1.4 %

NYSE:DIS traded up $1.19 during midday trading on Wednesday, hitting $87.28. 11,986,489 shares of the company were exchanged, compared to its average volume of 10,068,659. 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a market capitalization of $157.79 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a fifty day simple moving average of $98.26 and a 200 day simple moving average of $104.32.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. As a group, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.