Pzena Investment Management LLC Sells 264,045 Shares of The Walt Disney Company (NYSE:DIS)

Pzena Investment Management LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 97.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,506 shares of the entertainment giant's stock after selling 264,045 shares during the period. Pzena Investment Management LLC's holdings in Walt Disney were worth $724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sage Mountain Advisors LLC increased its holdings in Walt Disney by 19.1% during the 4th quarter. Sage Mountain Advisors LLC now owns 7,059 shares of the entertainment giant's stock worth $786,000 after purchasing an additional 1,134 shares in the last quarter. Clare Market Investments LLC bought a new stake in Walt Disney during the fourth quarter worth $1,154,000. Vista Investment Partners II LLC bought a new stake in Walt Disney during the fourth quarter worth $658,000. Morton Community Bank raised its position in Walt Disney by 0.7% in the 4th quarter. Morton Community Bank now owns 26,405 shares of the entertainment giant's stock valued at $2,940,000 after buying an additional 185 shares during the last quarter. Finally, Meriwether Wealth & Planning LLC bought a new position in Walt Disney during the 4th quarter valued at $355,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Down 4.9 %

NYSE:DIS opened at $98.00 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock's fifty day moving average price is $109.88 and its two-hundred day moving average price is $104.30. 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 $177.17 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.80 and a beta of 1.41.

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Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DIS shares. Evercore ISI upped their target price on shares of Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Prescient Securities decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Macquarie reissued a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Profile

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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