The Walt Disney Company (NYSE:DIS) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,860 shares of the entertainment giant’s stock after selling 211,466 shares during the quarter. Ceredex Value Advisors LLC’s holdings in Walt Disney were worth $36,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Resurgent Financial Advisors LLC grew its holdings in Walt Disney by 2.3% during the 4th quarter. Resurgent Financial Advisors LLC now owns 5,321 shares of the entertainment giant’s stock worth $592,000 after acquiring an additional 122 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $395,000. NFJ Investment Group LLC grew its stake in Walt Disney by 25.1% in the fourth quarter. NFJ Investment Group LLC now owns 259,160 shares of the entertainment giant’s stock worth $28,857,000 after purchasing an additional 52,041 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Walt Disney by 2.1% in the fourth quarter. Evergreen Capital Management LLC now owns 116,771 shares of the entertainment giant’s stock valued at $13,060,000 after buying an additional 2,369 shares during the last quarter. Finally, Acorns Advisers LLC raised its stake in Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant’s stock valued at $426,000 after buying an additional 98 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. The Goldman Sachs Group increased their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. UBS Group lowered their price objective on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.48.

Walt Disney Price Performance

NYSE DIS opened at $85.00 on Wednesday. The firm has a market capitalization of $153.67 billion, a PE ratio of 27.69, a P/E/G 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company’s 50 day simple moving average is $100.77 and its 200 day simple moving average is $104.67.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.