Loomis Sayles & Co. L P Sells 486,929 Shares of The Walt Disney Company (NYSE:DIS)

Loomis Sayles & Co. L P decreased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,312,144 shares of the entertainment giant’s stock after selling 486,929 shares during the period. Walt Disney makes up 172.2% of Loomis Sayles & Co. L P’s holdings, making the stock its 13th largest position. Loomis Sayles & Co. L P owned 0.79% of Walt Disney worth $1,593,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Bank boosted its position 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 worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Baldwin Investment Management LLC lifted its holdings in Walt Disney by 12.3% during the third quarter. Baldwin Investment Management LLC now owns 8,666 shares of the entertainment giant’s stock worth $834,000 after acquiring an additional 948 shares in the last quarter. Townsquare Capital LLC grew its stake in Walt Disney by 20.3% in the third quarter. Townsquare Capital LLC now owns 192,719 shares of the entertainment giant’s stock valued at $18,538,000 after acquiring an additional 32,584 shares during the period. RBO & Co. LLC increased its holdings in shares of Walt Disney by 2.1% in the third quarter. RBO & Co. LLC now owns 149,444 shares of the entertainment giant’s stock worth $14,375,000 after acquiring an additional 3,012 shares in the last quarter. Finally, RS Crum Inc. raised its position in shares of Walt Disney by 0.8% during the third quarter. RS Crum Inc. now owns 16,651 shares of the entertainment giant’s stock worth $1,602,000 after purchasing an additional 127 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Down 0.9 %

Shares of DIS stock opened at $100.65 on Thursday. The company has a market capitalization of $181.95 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50 day moving average price of $107.61 and a two-hundred day moving average price of $105.04.

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 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%. As a group, analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Macquarie reiterated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. The Goldman Sachs Group upped 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. Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.