Envestnet Portfolio Solutions Inc. Sells 2,389 Shares of The Walt Disney Company (NYSE:DIS)

Envestnet Portfolio Solutions Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,522 shares of the entertainment giant’s stock after selling 2,389 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Walt Disney were worth $8,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Jennison Associates LLC increased its holdings in shares of Walt Disney by 23.4% during the fourth 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Walt Disney in the 4th quarter worth about $358,151,000. FMR LLC raised its position in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after buying an additional 2,765,389 shares during the last quarter. Bank of New York Mellon Corp raised its position in Walt Disney by 15.5% in 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 last quarter. Finally, Janus Henderson Group PLC raised its position in Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock worth $398,508,000 after buying an additional 2,188,610 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

DIS stock opened at $99.43 on Tuesday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. 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 business’s fifty day simple moving average is $108.87 and its two-hundred day simple moving average is $104.52. The firm has a market cap of $179.74 billion, a price-to-earnings ratio of 32.39, 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 (EPS) 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%. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DIS shares. Prescient Securities decreased their target price 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. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Finally, Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.