The Walt Disney Company (NYSE:DIS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,416,274 shares of the entertainment giant's stock after selling 1,807,688 shares during the quarter. Vanguard Group Inc. owned about 8.49% of Walt Disney worth $17,082,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the fourth 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 last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney during the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Down 0.9 %

NYSE:DIS traded down $0.96 during mid-day trading on Wednesday, hitting $100.65. 6,313,243 shares of the company's stock traded hands, compared to its average volume of 9,495,791. The company has a fifty day moving average of $107.61 and a 200 day moving average of $105.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a market capitalization of $181.95 billion, a P/E ratio of 32.79, a P/E/G ratio of 1.80 and a beta of 1.41.

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

Analyst Ratings Changes

A number of research analysts have recently commented on DIS shares. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.64.

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.