The Walt Disney Company (NYSE:DIS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,560,721 shares of the entertainment giant's stock after selling 2,180,786 shares during the period. Walt Disney comprises about 0.9% of Jennison Associates LLC's investment portfolio, making the stock its 23rd biggest holding. Jennison Associates LLC owned approximately 0.86% of Walt Disney worth $1,496,786,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in Walt Disney in the 3rd quarter worth approximately $101,000. Avior Wealth Management LLC boosted its stake in Walt Disney by 6.5% during the third quarter. Avior Wealth Management LLC now owns 52,623 shares of the entertainment giant's stock worth $5,052,000 after acquiring an additional 3,209 shares in the last quarter. West Family Investments Inc. grew its stake in shares of Walt Disney by 21.1% in the 3rd quarter. West Family Investments Inc. now owns 5,678 shares of the entertainment giant's stock worth $546,000 after buying an additional 988 shares during the last quarter. Second Half Financial Partners LLC purchased a new stake in Walt Disney during the 3rd quarter valued at about $336,000. Finally, Aberdeen Wealth Management LLC increased its position in shares of Walt Disney by 3.2% during the third quarter. Aberdeen Wealth Management LLC now owns 7,880 shares of the entertainment giant's stock valued at $758,000 after acquiring an additional 241 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several research reports. Evercore ISI raised their target price on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday. Morgan Stanley lifted their price target on Walt Disney from $110.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Bank of America upped their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a report on Friday, November 15th. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, UBS Group lowered their price target on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Walt Disney Stock Up 1.0 %

Shares of NYSE DIS traded up $1.14 during mid-day trading on Wednesday, reaching $113.56. The company had a trading volume of 5,820,538 shares, compared to its average volume of 11,001,852. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The stock has a market cap of $205.65 billion, a P/E ratio of 41.48, a PEG ratio of 1.85 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $96.55 and a two-hundred day simple moving average of $96.60.

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.