Pathstone Holdings LLC Reduces Stock Position in The Walt Disney Company (NYSE:DIS)

Pathstone Holdings LLC decreased its position in The Walt Disney Company (NYSE:DIS) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,348,560 shares of the entertainment giant’s stock after selling 9,269 shares during the quarter. Walt Disney comprises about 0.7% of Pathstone Holdings LLC’s holdings, making the stock its 25th largest position. Pathstone Holdings LLC owned 0.07% of Walt Disney worth $150,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Walt Disney during the fourth quarter worth about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Walt Disney by 1,900.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant’s stock valued at $638,699,000 after acquiring an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Jennison Associates LLC boosted its position in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $358,151,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $111.40 on Wednesday. The firm has a market cap of $200.27 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.49. 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 business’s 50 day moving average is $94.01 and its two-hundred day moving average is $104.44. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on DIS. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley lifted their target price on Walt Disney from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Finally, The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

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.