The Walt Disney Company (NYSE:DIS) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,290,960 shares of the entertainment giant’s stock after selling 53,487 shares during the period. Korea Investment CORP’s holdings in Walt Disney were worth $143,748,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aviso Wealth Management increased its holdings in shares of Walt Disney by 7.2% in the fourth quarter. Aviso Wealth Management now owns 4,139 shares of the entertainment giant’s stock valued at $461,000 after purchasing an additional 277 shares during the last quarter. Graney & King LLC purchased a new stake in Walt Disney in the 4th quarter valued at $45,000. Excalibur Management Corp increased its stake in shares of Walt Disney by 7.1% in the 4th quarter. Excalibur Management Corp now owns 9,020 shares of the entertainment giant’s stock worth $1,004,000 after acquiring an additional 601 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Walt Disney by 22.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 12,352 shares of the entertainment giant’s stock worth $1,375,000 after acquiring an additional 2,239 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new position in shares of Walt Disney during the 4th quarter worth $925,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DIS shares. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

Walt Disney stock opened at $100.65 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $107.61 and a 200-day simple moving average of $105.04. The stock has a market cap of $181.95 billion, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.