The Walt Disney Company (NYSE:DIS) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,611 shares of the entertainment giant’s stock after selling 249,901 shares during the period. Pinebridge Investments L.P.’s holdings in Walt Disney were worth $31,914,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Trek Financial LLC boosted its holdings in Walt Disney by 479.9% in the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after buying an additional 13,339 shares during the last quarter. Greystone Financial Group LLC grew its position in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after buying an additional 9,967 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Walt Disney in the fourth quarter worth $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in Walt Disney in the fourth quarter valued at $446,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Trading Up 2.6 %

NYSE:DIS opened at $86.19 on Wednesday. The stock has a fifty day simple moving average of $98.26 and a 200 day simple moving average of $104.32. The firm has a market capitalization of $155.81 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. 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 earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DIS shares. Prescient Securities decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Morgan Stanley raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays lowered their price objective 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. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $123.75.

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.