Fayez Sarofim & Co Sells 69,055 Shares of The Walt Disney Company (NYSE:DIS)

Fayez Sarofim & Co cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 470,237 shares of the entertainment giant's stock after selling 69,055 shares during the period. Fayez Sarofim & Co's holdings in Walt Disney were worth $52,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. J. Safra Sarasin Holding AG lifted its holdings in Walt Disney by 2.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 205,966 shares of the entertainment giant's stock worth $22,931,000 after buying an additional 5,063 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in shares of Walt Disney by 11.2% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 6,054 shares of the entertainment giant's stock valued at $674,000 after purchasing an additional 612 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Walt Disney by 50.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 151,505 shares of the entertainment giant's stock valued at $16,870,000 after purchasing an additional 51,035 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $130,000. Finally, Trajan Wealth LLC grew its stake in Walt Disney by 4.1% in the fourth quarter. Trajan Wealth LLC now owns 82,931 shares of the entertainment giant's stock worth $9,234,000 after purchasing an additional 3,277 shares during the period. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

DIS has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. UBS Group dropped their price target on Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Performance

NYSE:DIS traded up $1.19 on Wednesday, hitting $87.28. The stock had a trading volume of 12,076,689 shares, compared to its average volume of 10,081,984. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The stock has a market cap of $157.79 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. 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 business's 50-day simple moving average is $97.80 and its two-hundred day simple moving average is $104.20.

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, beating analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current 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.