Curi RMB Capital LLC Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

Curi RMB Capital LLC lessened its holdings in The Walt Disney Company (NYSE:DIS) by 57.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 128,501 shares of the entertainment giant’s stock after selling 171,941 shares during the period. Curi RMB Capital LLC’s holdings in Walt Disney were worth $14,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Jennison Associates LLC grew its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring 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. Finally, Boston Partners purchased a new position in shares of Walt Disney in the 4th quarter valued at $350,707,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target 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. The Goldman Sachs Group raised their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. UBS Group dropped their target price on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.48.

Walt Disney Trading Up 2.4 %

DIS opened at $84.75 on Friday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a market capitalization of $153.21 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company’s 50 day simple moving average is $99.24 and its two-hundred day simple moving average is $104.31.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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%. Analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.