First Eagle Investment Management LLC Has $384.89 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

First Eagle Investment Management LLC cut its stake in The Walt Disney Company (NYSE:DIS) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,456,607 shares of the entertainment giant’s stock after selling 581,408 shares during the period. First Eagle Investment Management LLC owned approximately 0.19% of Walt Disney worth $384,893,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth $28,000. Tacita Capital Inc raised its holdings in shares of Walt Disney by 93.2% during 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 in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney during the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter worth about $35,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 2.0 %

Shares of Walt Disney stock opened at $96.76 on Friday. The stock’s 50-day moving average is $109.35 and its 200 day moving average is $104.30. The Walt Disney Company has a one year low of $83.91 and a one year 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 cap of $174.91 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DIS shares. Sanford C. Bernstein upped their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Bank of America upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their target price on Walt Disney from $115.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.64.

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.