King Wealth Management Group Lowers Stock Position in The Walt Disney Company (NYSE:DIS)

King Wealth Management Group lessened its position in shares of The Walt Disney Company (NYSE:DIS) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,015 shares of the entertainment giant’s stock after selling 540 shares during the quarter. King Wealth Management Group’s holdings in Walt Disney were worth $447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. acquired a new stake in Walt Disney in the fourth quarter valued at approximately $358,151,000. FMR LLC increased its position in shares of Walt Disney by 8.7% in the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 period. Finally, Janus Henderson Group PLC lifted its position in shares of Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after buying an additional 2,188,610 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 2.0 %

Shares of NYSE DIS opened at $96.76 on Friday. The company has a market capitalization of $174.91 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.80 and a beta of 1.41. 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 company has a 50 day simple moving average of $109.35 and a 200-day simple moving average of $104.30. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the subject of several recent analyst reports. Guggenheim boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities decreased 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. Evercore ISI boosted their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Six 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.