Prudential PLC Cuts Stock Position in The Walt Disney Company (NYSE:DIS)

Prudential PLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,832 shares of the entertainment giant’s stock after selling 10,035 shares during the period. Prudential PLC’s holdings in Walt Disney were worth $15,236,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management boosted its holdings in shares of Walt Disney by 10.5% in the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Greystone Financial Group LLC boosted its holdings in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Avanza Fonder AB acquired a new position in Walt Disney during the 4th quarter worth approximately $15,125,000. Swedbank AB raised its stake in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after buying an additional 422,339 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $446,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS opened at $88.67 on Friday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $120.19. The company’s 50 day simple moving average is $106.26 and its 200 day simple moving average is $105.26. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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

Analysts Set New Price Targets

DIS has been the subject of several research analyst reports. 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. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

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.