Sand Hill Global Advisors LLC Has $7.15 Million Stake in The Walt Disney Company (NYSE:DIS)

Sand Hill Global Advisors LLC trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,208 shares of the entertainment giant's stock after selling 5,392 shares during the period. Sand Hill Global Advisors LLC's holdings in Walt Disney were worth $7,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during 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 raised its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 2,300,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.13.

Walt Disney Trading Down 0.4 %

Shares of NYSE:DIS traded down $0.31 during midday trading on Friday, reaching $84.92. The company had a trading volume of 10,193,577 shares, compared to its average volume of 10,003,552. The company has a fifty day simple moving average of $101.83 and a two-hundred day simple moving average of $104.75. The firm has a market cap of $153.52 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth 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 has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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 net margin of 6.07% and a return on equity of 9.95%. Research analysts predict 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.