Regal Partners Ltd Has $2.04 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Regal Partners Ltd lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 91.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,342 shares of the entertainment giant’s stock after selling 188,547 shares during the quarter. Regal Partners Ltd’s holdings in Walt Disney were worth $2,042,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DIS. Geode Capital Management LLC boosted its stake in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the last quarter. Northern Trust Corp raised its stake in shares of Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after buying an additional 2,096,431 shares during the last quarter. Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp grew 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 acquiring an additional 2,300,912 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DIS shares. UBS Group reduced their price target on Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six equities research 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 stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $123.75.

Walt Disney Stock Performance

Shares of DIS stock opened at $91.16 on Wednesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company’s fifty day simple moving average is $96.20 and its 200-day simple moving average is $104.20. The firm has a market cap of $164.80 billion, a PE ratio of 29.69, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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 return on equity of 9.95% and a net margin of 6.07%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.