Ameritas Investment Partners Inc. decreased its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,160 shares of the entertainment giant’s stock after selling 7,226 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Walt Disney were worth $2,419,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Morgan Stanley raised its stake in shares of Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after buying an additional 5,499,014 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 31,823,656 shares of the entertainment giant’s stock valued at $2,758,969,000 after buying an additional 654,802 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Walt Disney by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after buying an additional 3,023,997 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter worth about $1,433,075,000. Institutional investors and hedge funds own 63.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on DIS. Citigroup cut their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Barclays dropped their price objective on Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Rosenblatt Securities reduced their price target on shares of Walt Disney from $111.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Morgan Stanley reduced their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $131.00 to $120.00 in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.
Walt Disney Stock Performance
Shares of DIS opened at $85.96 on Monday. The Walt Disney Company has a 12-month low of $84.07 and a 12-month high of $121.39. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $157.29 billion, a PE ratio of 69.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27. The stock has a 50-day moving average price of $88.49 and a 200-day moving average price of $94.79.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. During the same period last year, the firm posted $1.09 earnings per share. Walt Disney’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 3.66 earnings per share for the current fiscal year.
Insider Activity
In related news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
See Also
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