Intech Investment Management LLC Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Intech Investment Management LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,883 shares of the entertainment giant’s stock after selling 32,805 shares during the period. Walt Disney comprises approximately 1.6% of Intech Investment Management LLC’s portfolio, making the stock its 15th largest position. Intech Investment Management LLC’s holdings in Walt Disney were worth $52,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. 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 buying an additional 712 shares during the period. Clarkston Capital Partners LLC increased its position in shares of Walt Disney by 2.0% in the third quarter. Clarkston Capital Partners LLC now owns 238,974 shares of the entertainment giant’s stock worth $22,987,000 after acquiring an additional 4,788 shares in the last quarter. Prudent Man Advisors LLC grew its holdings in Walt Disney by 73.4% during the 3rd quarter. Prudent Man Advisors LLC now owns 8,968 shares of the entertainment giant’s stock valued at $863,000 after purchasing an additional 3,797 shares in the last quarter. Aljian Capital Management LLC acquired a new stake in Walt Disney during the 3rd quarter valued at $1,228,000. Finally, Quest Partners LLC grew its holdings in Walt Disney by 198.6% during the 3rd quarter. Quest Partners LLC now owns 10,916 shares of the entertainment giant’s stock valued at $1,050,000 after purchasing an additional 7,260 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.8 %

DIS stock opened at $99.43 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market capitalization of $179.74 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a fifty day moving average of $108.87 and a 200-day moving average of $104.52.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. 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 stock. According to MarketBeat.com, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

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.