Primecap Management Co. CA Lowers Holdings in The Walt Disney Company (NYSE:DIS)

Primecap Management Co. CA decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,296,234 shares of the entertainment giant’s stock after selling 139,700 shares during the quarter. Primecap Management Co. CA’s holdings in Walt Disney were worth $701,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney in the 4th quarter worth $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $35,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney in the fourth quarter worth $39,000. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several research analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Evercore ISI lifted their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Up 0.8 %

Shares of DIS opened at $99.43 on Tuesday. The stock has a market capitalization of $179.74 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The business’s 50 day simple moving average is $108.87 and its 200-day simple moving average is $104.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last released its 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 analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.