Kovitz Investment Group Partners LLC Trims Stake in The Walt Disney Company (NYSE:DIS)

Kovitz Investment Group Partners LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,775 shares of the entertainment giant’s stock after selling 89,720 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Walt Disney were worth $9,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DIS. Norges Bank purchased a new stake in Walt Disney in the fourth quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership increased its stake in Walt Disney by 75.8% in 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 buying an additional 4,680,930 shares during the period. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $358,151,000. Finally, Boston Partners bought a new position in Walt Disney in the 4th quarter worth about $350,707,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.2 %

NYSE DIS opened at $90.23 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The company has a fifty day simple moving average of $97.01 and a two-hundred day simple moving average of $104.17. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $163.12 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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 forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DIS shares. Loop Capital lifted their price target 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 increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, April 22nd. Finally, UBS Group reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Six 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 company. According to MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $123.75.

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.