Marshfield Associates Has $177.30 Million Position in The Walt Disney Company (NYSE:DIS)

Marshfield Associates raised its holdings in The Walt Disney Company (NYSE:DIS) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,592,282 shares of the entertainment giant’s stock after acquiring an additional 2,723 shares during the quarter. Walt Disney makes up about 3.8% of Marshfield Associates’ investment portfolio, making the stock its 14th largest position. Marshfield Associates’ holdings in Walt Disney were worth $177,301,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after buying an additional 809,989 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney in the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC boosted its position in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Bank of New York Mellon Corp grew its holdings in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant’s stock worth $1,240,025,000 after buying an additional 192,871 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Walt Disney stock opened at $90.23 on Monday. The business’s fifty day moving average is $97.01 and its two-hundred day moving average is $104.24. 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 Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The firm 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 posted its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIS shares. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Morgan Stanley increased their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research report on Tuesday, April 22nd. Barclays lowered their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, 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 report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.75.

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.