State Farm Mutual Automobile Insurance Co. decreased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,429,100 shares of the entertainment giant's stock after selling 683,849 shares during the quarter. Walt Disney accounts for approximately 3.0% of State Farm Mutual Automobile Insurance Co.'s holdings, making the stock its 10th largest position. State Farm Mutual Automobile Insurance Co. owned 1.63% of Walt Disney worth $3,276,930,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney during the 4th quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney during the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Price Performance
NYSE:DIS traded up $0.67 during trading hours on Monday, reaching $98.74. 5,938,257 shares of the company's stock were exchanged, compared to its average volume of 9,794,230. 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 company has a market capitalization of $178.49 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69. The business's 50-day simple moving average is $107.31 and its two-hundred day simple moving average is $105.19.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have issued reports on DIS. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group raised their price target 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. Finally, Citigroup reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Six investment 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.64.
Read Our Latest Analysis on Walt Disney
Walt Disney Company Profile
(
Free Report)
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.
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