Legal & General Group Plc Sells 3,258,783 Shares of The Walt Disney Company (NYSE:DIS)

Legal & General Group Plc lowered its holdings in shares of The Walt Disney Company (NYSE:DIS) by 23.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,833,669 shares of the entertainment giant’s stock after selling 3,258,783 shares during the period. Legal & General Group Plc’s holdings in Walt Disney were worth $1,206,329,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIS. Brookstone Capital Management lifted its position 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 acquiring an additional 13,339 shares during the period. Greystone Financial Group LLC raised its holdings 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 valued at $9,486,000 after purchasing an additional 9,967 shares during the period. Avanza Fonder AB bought a new position in shares of Walt Disney during the 4th quarter worth about $15,125,000. Swedbank AB grew its stake in shares of Walt Disney by 14.4% in the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after buying an additional 422,339 shares during the period. Finally, FourThought Financial Partners LLC bought a new position in Walt Disney in the fourth quarter worth approximately $446,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

NYSE DIS opened at $83.52 on Monday. The firm has a market cap of $150.99 billion, a P/E ratio of 27.21, a price-to-earnings-growth 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. The company’s 50 day moving average is $105.68 and its 200-day moving average is $105.29. The Walt Disney Company has a 12-month low of $80.40 and a 12-month high of $118.63.

Walt Disney (NYSE:DIS) last posted 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 return on equity of 9.95% and a net margin of 6.07%. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DIS. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Prescient Securities lowered their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Citigroup restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.33.

Walt Disney Company 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.