DRH Investments Inc. Has $9.93 Million Position in The Walt Disney Company (NYSE:DIS)

DRH Investments Inc. cut its holdings in The Walt Disney Company (NYSE:DIS) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,137 shares of the entertainment giant’s stock after selling 10,469 shares during the quarter. Walt Disney makes up approximately 11.4% of DRH Investments Inc.’s holdings, making the stock its 2nd largest holding. DRH Investments Inc.’s holdings in Walt Disney were worth $9,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock worth $4,272,590,000 after purchasing an additional 809,989 shares during the period. Norges Bank bought a new position in Walt Disney in the fourth quarter worth about $2,415,427,000. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. Bank of New York Mellon Corp boosted its position in 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 valued at $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DIS. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Barclays decreased their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.13.

Walt Disney Stock Down 7.0 %

Shares of Walt Disney stock opened at $85.02 on Friday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $102.40 and its 200 day moving average is $104.81. The company has a market cap of $153.70 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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 anticipate that The Walt Disney Company will post 5.47 EPS for the current 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.