Natixis Sells 397,073 Shares of The Walt Disney Company (NYSE:DIS)

Natixis decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,068 shares of the entertainment giant’s stock after selling 397,073 shares during the quarter. Natixis’ holdings in Walt Disney were worth $17,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter worth approximately $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the 4th quarter valued at $32,000. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter worth $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DIS shares. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price target 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. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.48.

Walt Disney Stock Performance

NYSE:DIS opened at $84.75 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business has a fifty day simple moving average of $99.24 and a two-hundred day simple moving average of $104.38. The company has a market capitalization of $153.21 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current 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.