The Walt Disney Company (NYSE:DIS) Holdings Lowered by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 11.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 53,780 shares of the entertainment giant's stock after selling 6,829 shares during the period. Sowell Financial Services LLC's holdings in Walt Disney were worth $5,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% during the 4th 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. Raymond James Financial Inc. purchased a new position in Walt Disney in the fourth quarter valued at approximately $358,151,000. FMR LLC lifted its holdings in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Walt Disney by 15.5% in the 4th 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 period. Finally, Janus Henderson Group PLC grew its holdings in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock valued at $398,508,000 after purchasing an additional 2,188,610 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

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Walt Disney Stock Performance

DIS traded up $0.15 during trading hours on Friday, hitting $105.58. The company's stock had a trading volume of 12,714,283 shares, compared to its average volume of 9,538,860. 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 fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a 50-day simple moving average of $110.30 and a 200 day simple moving average of $104.16. The firm has a market capitalization of $190.87 billion, a PE ratio of 34.39, a PEG ratio of 1.80 and a beta of 1.41.

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 analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the company's 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 sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price target for the company. 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 reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Finally, Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.64.

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.