Massachusetts Financial Services Co. MA Cuts Holdings in The Walt Disney Company (NYSE:DIS)

Massachusetts Financial Services Co. MA lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 22.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,672,330 shares of the entertainment giant’s stock after selling 1,936,347 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Walt Disney were worth $742,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in Walt Disney during the fourth quarter valued at about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the fourth quarter worth about $35,000. Finally, Vision Financial Markets LLC bought a new stake in Walt Disney in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DIS shares. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.33.

Walt Disney Stock Performance

Walt Disney stock opened at $97.92 on Thursday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.69. 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 market cap of $177.02 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm’s fifty day moving average price is $106.70 and its 200-day moving average price is $105.37.

Walt Disney (NYSE:DIS) last issued its quarterly 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 expect 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.