Invesco Ltd. Has $1.38 Billion Stake in The Walt Disney Company (NYSE:DIS)

Invesco Ltd. cut its stake in The Walt Disney Company (NYSE:DIS) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,366,140 shares of the entertainment giant’s stock after selling 341,624 shares during the quarter. Invesco Ltd.’s holdings in Walt Disney were worth $1,376,970,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DIS. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its position in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Jennison Associates LLC boosted its holdings in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney during the 4th quarter worth about $358,151,000. Finally, Boston Partners bought a new position in shares of Walt Disney in the 4th quarter valued at about $350,707,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. 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. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. The Goldman Sachs Group increased their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.33.

Walt Disney Stock Performance

Shares of DIS opened at $83.52 on Monday. 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 capitalization of $150.99 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 52-week low of $80.40 and a 52-week high of $118.63. The stock’s 50-day simple moving average is $105.68 and its 200 day simple moving average is $105.29.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.