Franklin Resources Inc. Has $907.86 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Franklin Resources Inc. decreased its position in The Walt Disney Company (NYSE:DIS) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,153,206 shares of the entertainment giant’s stock after selling 1,334,264 shares during the quarter. Franklin Resources Inc.’s holdings in Walt Disney were worth $907,859,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. United Bank lifted its stake in shares of Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Walt Disney by 53.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 852,003 shares of the entertainment giant’s stock valued at $81,954,000 after purchasing an additional 297,017 shares during the period. Edgestream Partners L.P. grew its position in shares of Walt Disney by 68.2% during the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock worth $1,049,000 after buying an additional 4,421 shares during the period. Encompass More Asset Management raised its stake in shares of Walt Disney by 14.9% during the third quarter. Encompass More Asset Management now owns 2,662 shares of the entertainment giant’s stock worth $256,000 after buying an additional 345 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in Walt Disney by 1.2% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 167,198 shares of the entertainment giant’s stock valued at $16,083,000 after acquiring an additional 1,953 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Morgan Stanley boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Loop Capital boosted 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. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Trading Down 2.4 %

Shares of Walt Disney stock opened at $98.02 on Monday. The firm has a market cap of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The stock has a fifty day moving average price of $107.31 and a 200-day moving average price of $105.19. 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

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.