Arvest Investments Inc. Sells 604 Shares of The Walt Disney Company (NYSE:DIS)

Arvest Investments Inc. lowered its stake in The Walt Disney Company (NYSE:DIS) by 6.9% during the 4th quarter, HoldingsChannel reports. The firm owned 8,176 shares of the entertainment giant’s stock after selling 604 shares during the period. Arvest Investments Inc.’s holdings in Walt Disney were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after acquiring an additional 490,681 shares during the period. Geode Capital Management LLC grew its stake in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares during the period. FMR LLC grew its stake in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Jennison Associates LLC lifted its stake in shares of Walt Disney by 23.4% in the 4th 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. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

NYSE:DIS opened at $98.79 on Friday. The company has a market cap of $178.59 billion, a price-to-earnings ratio of 32.18, a PEG 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 stock’s 50 day simple moving average is $108.23 and its two-hundred day simple moving average is $104.61. 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 quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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, equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Prescient Securities reduced their price target on 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, Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.