The Walt Disney Company (NYSE:DIS) Position Lessened by Jennison Associates LLC

Jennison Associates LLC decreased its stake in The Walt Disney Company (NYSE:DIS) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,560,721 shares of the entertainment giant’s stock after selling 2,180,786 shares during the period. Walt Disney accounts for 0.9% of Jennison Associates LLC’s portfolio, making the stock its 23rd largest position. Jennison Associates LLC owned approximately 0.86% of Walt Disney worth $1,496,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DIS. William B. Walkup & Associates Inc. bought a new stake in Walt Disney during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC raised its stake in Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares in the last quarter. First PREMIER Bank raised its stake in Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in Walt Disney by 148.7% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Walt Disney during the 3rd quarter valued at $57,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $112.42 on Wednesday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $203.59 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 1.85 and a beta of 1.40. The stock’s fifty day simple moving average is $96.55 and its 200-day simple moving average is $96.60.

Wall Street Analyst Weigh In

Several analysts have weighed in on DIS shares. Barclays cut their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler initiated coverage on Walt Disney in a research report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target on the stock. Evercore ISI lifted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday. Bank of America lifted their price target on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley lifted their price target on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

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.