Easterly Investment Partners LLC Reduces Holdings in The Walt Disney Company (NYSE:DIS)

Easterly Investment Partners LLC lowered its position in The Walt Disney Company (NYSE:DIS) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,189 shares of the entertainment giant’s stock after selling 132 shares during the quarter. Easterly Investment Partners LLC’s holdings in Walt Disney were worth $10,711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Caisse Des Depots ET Consignations bought a new position in Walt Disney in the 4th quarter valued at $969,000. Homestead Advisers Corp increased its stake in Walt Disney by 4.0% in the fourth quarter. Homestead Advisers Corp now owns 769,900 shares of the entertainment giant’s stock worth $85,728,000 after purchasing an additional 29,300 shares during the period. AssuredPartners Investment Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter worth $647,000. Finally, NEOS Investment Management LLC boosted its stake in shares of Walt Disney by 11.6% during the fourth quarter. NEOS Investment Management LLC now owns 95,792 shares of the entertainment giant’s stock valued at $10,666,000 after purchasing an additional 9,946 shares during the period. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIS. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Citigroup reiterated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. The Goldman Sachs Group upped their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

NYSE DIS opened at $100.65 on Thursday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock’s fifty day moving average price is $107.61 and its 200 day moving average price is $105.04. 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 company has a market cap of $181.95 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.