Vinva Investment Management Ltd Cuts Stake in The Walt Disney Company (NYSE:DIS)

Vinva Investment Management Ltd lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,971 shares of the entertainment giant’s stock after selling 3,442 shares during the quarter. Vinva Investment Management Ltd’s holdings in Walt Disney were worth $7,199,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DIS. Jennison Associates LLC raised its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Walt Disney during the 4th quarter worth $358,151,000. Boston Partners purchased a new position in Walt Disney during the 4th quarter worth $350,707,000. FMR LLC raised its position in Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after buying an additional 2,765,389 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Walt Disney by 15.5% during the 4th 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. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Redburn Atlantic raised shares of 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 research note on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

NYSE:DIS opened at $99.33 on Wednesday. The firm has a market cap of $179.56 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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’s 50-day moving average is $108.63 and its two-hundred day moving average is $104.58. 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 released its 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%. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

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.