Whalerock Point Partners LLC Sells 855 Shares of The Walt Disney Company (NYSE:DIS)

Whalerock Point Partners LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,254 shares of the entertainment giant’s stock after selling 855 shares during the period. Whalerock Point Partners LLC’s holdings in Walt Disney were worth $3,592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock worth $4,272,590,000 after acquiring an additional 809,989 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC raised its position in 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 purchasing an additional 3,636,742 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Walt Disney by 15.5% during the 4th 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 buying an additional 2,300,912 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Walt Disney by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant’s stock valued at $1,240,025,000 after buying an additional 192,871 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIS. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research report on Monday, April 21st. UBS Group cut 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, April 15th. Barclays lowered their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.75.

Walt Disney Stock Up 0.2 %

DIS opened at $90.23 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $97.01 and its 200 day simple moving average is $104.17. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The stock has a market cap of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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.