Rathbones Group PLC Has $175.99 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Rathbones Group PLC trimmed its position in The Walt Disney Company (NYSE:DIS) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580,532 shares of the entertainment giant’s stock after selling 35,129 shares during the period. Walt Disney makes up approximately 0.9% of Rathbones Group PLC’s portfolio, making the stock its 28th biggest position. Rathbones Group PLC owned approximately 0.09% of Walt Disney worth $175,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% during the fourth 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth about $358,151,000. Finally, Boston Partners bought a new position in Walt Disney in the 4th quarter valued at about $350,707,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 6.0 %

Shares of NYSE:DIS opened at $83.52 on Monday. The company has a market cap of $150.99 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a one year low of $80.40 and a one year high of $118.63. The firm has a fifty day moving average price of $105.68 and a two-hundred day moving average price of $105.29. 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 posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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%. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of recent research reports. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $125.33.

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.