Stifel Financial Corp Trims Position in The Walt Disney Company (NYSE:DIS)

Stifel Financial Corp lowered its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,169,631 shares of the entertainment giant's stock after selling 39,515 shares during the quarter. Stifel Financial Corp owned about 0.06% of Walt Disney worth $130,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Norges Bank acquired a new position in Walt Disney in the 4th quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Walt Disney by 23.4% in the 4th 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 last quarter. Raymond James Financial Inc. bought a new position in shares of Walt Disney in the fourth quarter valued at $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the 4th quarter worth about $350,707,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 0.2 %

NYSE DIS traded up $0.22 during midday trading on Friday, hitting $90.23. 7,741,617 shares of the company traded hands, compared to its average volume of 9,966,447. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company's 50-day simple moving average is $97.40 and its 200-day simple moving average is $104.10. The company has a market cap of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Macquarie reissued a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays decreased their target price on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.75.

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.