Focused Investors LLC Cuts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Focused Investors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,222,950 shares of the entertainment giant’s stock after selling 11,550 shares during the period. Walt Disney accounts for approximately 4.3% of Focused Investors LLC’s holdings, making the stock its 11th biggest holding. Focused Investors LLC owned approximately 0.07% of Walt Disney worth $136,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Brookstone Capital Management lifted its position in Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after acquiring an additional 9,967 shares in the last quarter. Avanza Fonder AB purchased a new stake in Walt Disney during the 4th quarter worth $15,125,000. Swedbank AB raised its position in Walt Disney by 14.4% in the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after purchasing an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in Walt Disney in the fourth quarter valued at about $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DIS shares. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. 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 report on Tuesday, February 4th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Trading Up 0.7 %

Shares of NYSE:DIS opened at $99.51 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. 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 cap of $179.89 billion, a PE ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s 50-day moving average price is $108.04 and its 200 day moving average price is $104.67.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

About Walt Disney

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.