Zevenbergen Capital Investments LLC Reduces Position in The Walt Disney Company (NYSE:DIS)

Zevenbergen Capital Investments LLC reduced its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,443 shares of the entertainment giant’s stock after selling 746 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Walt Disney were worth $606,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney during the 4th quarter valued at $358,151,000. Boston Partners purchased a new position in shares of Walt Disney in the 4th quarter valued at $350,707,000. FMR LLC lifted its stake in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DIS shares. Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Price Performance

Shares of DIS opened at $99.51 on Monday. The company has a market capitalization of $179.89 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a 50-day simple moving average of $108.04 and a 200-day simple moving average of $104.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.