The Walt Disney Company (NYSE:DIS) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its holdings in shares of The Walt Disney Company (NYSE:DIS) by 37.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,973 shares of the entertainment giant’s stock after selling 36,026 shares during the period. Wealthfront Advisers LLC’s holdings in Walt Disney were worth $6,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIS. Jennison Associates LLC grew its position 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 worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $358,151,000. FMR LLC grew its position in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after acquiring an additional 2,765,389 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 worth $1,904,563,000 after acquiring an additional 2,300,912 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after acquiring an additional 2,188,610 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.9 %

Shares of DIS stock opened at $98.79 on Thursday. The firm has a 50-day moving average price of $109.63 and a 200 day moving average price of $104.36. 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 $178.60 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.