The Walt Disney Company (NYSE:DIS) Shares Sold by Aviva PLC

Aviva PLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,115,689 shares of the entertainment giant’s stock after selling 20,274 shares during the period. Aviva PLC owned 0.06% of Walt Disney worth $124,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after acquiring an additional 809,989 shares during the period. Norges Bank bought a new stake in Walt Disney in the 4th quarter valued at about $2,415,427,000. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Bank of New York Mellon Corp grew its position 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 worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Price Performance

Shares of DIS stock opened at $83.52 on Friday. The Walt Disney Company has a 12 month low of $83.08 and a 12 month high of $118.86. The company has a market capitalization of $150.99 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.80 and a beta of 1.44. The stock has a 50 day moving average of $105.68 and a two-hundred day moving average of $105.11. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

DIS has been the subject of several analyst reports. Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six equities research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

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.