Intech Investment Management LLC Sells 32,805 Shares of The Walt Disney Company (NYSE:DIS)

Intech Investment Management LLC cut its position in shares of The Walt Disney Company (NYSE:DIS) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,883 shares of the entertainment giant’s stock after selling 32,805 shares during the quarter. Walt Disney comprises 1.6% of Intech Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Intech Investment Management LLC’s holdings in Walt Disney were worth $52,990,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc increased its position in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in Walt Disney during the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney during the fourth quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIS has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Evercore ISI lifted their target price on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $99.43 on Tuesday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $179.74 billion, a P/E ratio of 32.39, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s fifty day moving average price is $108.87 and its two-hundred day moving average price is $104.52.

Walt Disney (NYSE:DIS) last announced 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 net margin of 6.07% and a return on equity of 9.95%. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.