Holderness Investments Co. Has $547,000 Stake in The Walt Disney Company (NYSE:DIS)

Holderness Investments Co. lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,915 shares of the entertainment giant’s stock after selling 437 shares during the period. Holderness Investments Co.’s holdings in Walt Disney were worth $547,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Jennison Associates LLC lifted its position in shares of Walt Disney by 23.4% in 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 during the period. Raymond James Financial Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at $358,151,000. Boston Partners bought a new position in Walt Disney in the fourth quarter worth $350,707,000. FMR LLC boosted its stake in 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 buying an additional 2,765,389 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 15.5% in the 4th 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 buying an additional 2,300,912 shares during the period. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS stock opened at $98.79 on Friday. The company has a 50 day moving average price of $108.23 and a 200 day moving average price of $104.61. 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 debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $178.59 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DIS shares. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Prescient Securities decreased their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.64.

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.