River Global Investors LLP Sells 16,855 Shares of The Walt Disney Company (NYSE:DIS)

River Global Investors LLP lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,337 shares of the entertainment giant's stock after selling 16,855 shares during the period. Walt Disney comprises approximately 1.4% of River Global Investors LLP's investment portfolio, making the stock its 19th largest holding. River Global Investors LLP's holdings in Walt Disney were worth $7,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Impax Asset Management Group plc increased its position in Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant's stock worth $61,948,000 after buying an additional 27,806 shares during the last quarter. M&G PLC acquired a new position in Walt Disney during the third quarter worth approximately $1,250,000. Advisor Resource Council acquired a new position in Walt Disney during the third quarter worth approximately $212,000. Walkner Condon Financial Advisors LLC acquired a new position in Walt Disney during the third quarter worth approximately $245,000. Finally, Cozad Asset Management Inc. increased its position in Walt Disney by 1.9% during the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant's stock worth $579,000 after buying an additional 110 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

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Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Macquarie reissued a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Price Performance

NYSE DIS traded up $0.15 on Friday, hitting $105.58. 12,714,283 shares of the company's stock were exchanged, compared to its average volume of 9,538,860. The stock has a 50-day moving average of $110.30 and a 200-day moving average of $104.05. 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 52 week low of $83.91 and a 52 week high of $123.74. The stock has a market cap of $190.87 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.