Quarry LP Sells 3,734 Shares of The Walt Disney Company (NYSE:DIS)

Quarry LP lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 70.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,592 shares of the entertainment giant's stock after selling 3,734 shares during the quarter. Quarry LP's holdings in Walt Disney were worth $177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after purchasing an additional 809,989 shares in the last quarter. Norges Bank bought a new stake in shares of Walt Disney during the 4th quarter valued at about $2,415,427,000. Jennison Associates LLC increased 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 valued at $2,137,637,000 after buying an additional 3,636,742 shares during the period. Bank of New York Mellon Corp raised its stake in Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Walt Disney by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock valued at $1,240,025,000 after acquiring an additional 192,871 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DIS shares. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Prescient Securities decreased their price target 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. UBS Group lowered their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Finally, Macquarie reiterated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Trading Down 0.1 %

Shares of Walt Disney stock opened at $90.18 on Tuesday. 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 stock has a market capitalization of $163.03 billion, a PE ratio of 29.37, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company's fifty day simple moving average is $96.59 and its 200-day simple moving average is $104.22.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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 year.

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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