Saratoga Research & Investment Management Sells 188,275 Shares of The Walt Disney Company (NYSE:DIS)

Saratoga Research & Investment Management cut its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,347,733 shares of the entertainment giant's stock after selling 188,275 shares during the quarter. Walt Disney comprises approximately 7.6% of Saratoga Research & Investment Management's holdings, making the stock its 2nd largest holding. Saratoga Research & Investment Management owned approximately 0.07% of Walt Disney worth $150,070,000 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. Brookstone Capital Management boosted its holdings in Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $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 during the last quarter. Avanza Fonder AB purchased a new stake in shares of Walt Disney during the fourth quarter valued at $15,125,000. Swedbank AB grew its holdings in shares of Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant's stock worth $374,336,000 after purchasing an additional 422,339 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Walt Disney in the 4th quarter worth about $446,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Macquarie reissued a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Citigroup reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. 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 research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.33.

Walt Disney Stock Down 6.4 %

NYSE DIS traded down $6.26 during trading on Thursday, hitting $91.62. The company's stock had a trading volume of 7,440,337 shares, compared to its average volume of 9,772,988. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.69. The company has a market cap of $165.63 billion, a PE ratio of 29.84, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business's 50 day simple moving average is $106.70 and its 200-day simple moving average is $105.37.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. On average, equities analysts anticipate 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.