The Walt Disney Company (NYSE:DIS) Shares Sold by Pictet & Cie Europe SA

Pictet & Cie Europe SA reduced its stake in The Walt Disney Company (NYSE:DISGet Rating) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 125,427 shares of the entertainment giant’s stock after selling 846 shares during the quarter. Pictet & Cie Europe SA’s holdings in Walt Disney were worth $17,204,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its holdings in Walt Disney by 1.7% during the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after buying an additional 1,200,863 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Walt Disney by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after buying an additional 518,125 shares in the last quarter. Norges Bank acquired a new stake in Walt Disney during the 4th quarter worth approximately $2,290,736,000. Loomis Sayles & Co. L P lifted its holdings in Walt Disney by 25.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after buying an additional 2,707,126 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Walt Disney by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock worth $1,503,846,000 after buying an additional 385,342 shares in the last quarter. 64.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Wolfe Research reduced their price objective on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Credit Suisse Group reduced their price objective on shares of Walt Disney from $218.00 to $170.00 in a report on Thursday, May 12th. Royal Bank of Canada reduced their price objective on shares of Walt Disney from $210.00 to $176.00 in a report on Thursday, May 12th. StockNews.com lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. Finally, Citigroup reduced their price objective on shares of Walt Disney from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.28.

Walt Disney Trading Up 3.7 %

Shares of Walt Disney stock opened at $103.50 on Thursday. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $187.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market capitalization of $188.44 billion, a P/E ratio of 71.38, a PEG ratio of 1.20 and a beta of 1.24. The company’s fifty day moving average is $99.86 and its two-hundred day moving average is $122.90.

Walt Disney (NYSE:DISGet Rating) last released its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.12). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. The firm had revenue of $19.25 billion during the quarter, compared to analyst estimates of $20.25 billion. During the same quarter last year, the business posted $0.79 EPS. Analysts forecast that The Walt Disney Company will post 3.93 earnings per share for the current year.

About Walt Disney

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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