Alliancebernstein L.P. Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Alliancebernstein L.P. lessened its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 43.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,042,378 shares of the entertainment giant's stock after selling 7,571,147 shares during the quarter. Alliancebernstein L.P. owned about 0.56% of Walt Disney worth $1,118,219,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DIS. State Street Corp grew its holdings in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock valued at $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC lifted its position in Walt Disney by 3.8% during the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney in the 4th quarter worth $2,415,427,000. Jennison Associates LLC grew its stake 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 worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 buying an additional 2,300,912 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Remove Ads

Walt Disney Price Performance

Shares of Walt Disney stock traded down $5.91 on Thursday, reaching $91.97. The company's stock had a trading volume of 7,924,751 shares, compared to its average volume of 9,774,695. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.69. The company has a market capitalization of $166.26 billion, a P/E ratio of 29.96, a PEG ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $106.70 and a 200-day moving average price of $105.37.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on DIS. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. 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. Prescient Securities decreased their price target 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 set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and increased their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.33.

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.