Securian Asset Management Inc. Sells 2,976 Shares of The Walt Disney Company (NYSE:DIS)

Securian Asset Management Inc. reduced its position in The Walt Disney Company (NYSE:DIS) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 97,330 shares of the entertainment giant’s stock after selling 2,976 shares during the quarter. Securian Asset Management Inc.’s holdings in Walt Disney were worth $10,838,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc increased its position in shares of Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after buying an additional 27,806 shares during the period. United Bank increased its position in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the last quarter. Assetmark Inc. increased its position in shares of Walt Disney by 6.2% in the third quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock worth $3,115,000 after purchasing an additional 1,903 shares during the last quarter. Baker Avenue Asset Management LP increased its position in shares of Walt Disney by 105.2% in the third quarter. Baker Avenue Asset Management LP now owns 4,937 shares of the entertainment giant’s stock worth $475,000 after purchasing an additional 2,531 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its position in shares of Walt Disney by 90.9% in the third quarter. Tyler Stone Wealth Management now owns 3,163 shares of the entertainment giant’s stock worth $304,000 after purchasing an additional 1,506 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Evercore ISI upped their target price on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Wells Fargo & Company upped their target price on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Trading Down 4.9 %

Walt Disney stock opened at $98.00 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a 50-day moving average of $109.88 and a two-hundred day moving average of $104.30. The stock has a market cap of $177.17 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.