The Walt Disney Company (NYSE:DIS) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,361 shares of the entertainment giant's stock after selling 174,930 shares during the period. Walt Disney makes up 2.9% of Sound Shore Management Inc. CT's portfolio, making the stock its 12th biggest position. Sound Shore Management Inc. CT's holdings in Walt Disney were worth $86,448,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Brookstone Capital Management boosted its holdings in Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock worth $15,687,000 after acquiring an additional 13,339 shares during the period. Greystone Financial Group LLC lifted its position in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Walt Disney in the fourth quarter valued at $15,125,000. Swedbank AB grew its holdings in Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock valued at $374,336,000 after purchasing an additional 422,339 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in Walt Disney during the 4th quarter worth $446,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $125.64.

Walt Disney Stock Performance

Shares of DIS traded up $1.43 during midday trading on Tuesday, hitting $101.61. 7,358,398 shares of the stock traded hands, compared to its average volume of 9,539,415. The business's 50 day moving average price is $107.89 and its two-hundred day moving average price is $104.86. The firm has a market capitalization of $183.69 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

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 for the quarter, beating 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%. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.