Janus Henderson Group PLC trimmed its position in Walt Disney Co (NYSE:DIS) by 4.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,151,167 shares of the entertainment giant’s stock after selling 259,775 shares during the quarter. Janus Henderson Group PLC’s holdings in Walt Disney were worth $507,741,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares in the last quarter. Northern Trust Corp increased its position in Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after buying an additional 500,349 shares in the last quarter. Legal & General Group Plc increased its position in Walt Disney by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after buying an additional 300,973 shares in the last quarter. Parnassus Investments CA increased its position in Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after buying an additional 1,123,949 shares in the last quarter. Finally, Swiss National Bank increased its position in Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after buying an additional 420,200 shares in the last quarter. 61.12% of the stock is owned by institutional investors and hedge funds.

DIS has been the subject of a number of research analyst reports. Macquarie raised Walt Disney from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $112.00 to $125.00 in a research report on Tuesday, January 2nd. Goldman Sachs Group boosted their target price on Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Pivotal Research reaffirmed a “sell” rating and issued a $93.00 target price (up from $91.00) on shares of Walt Disney in a research report on Tuesday, January 9th. Loop Capital reissued a “buy” rating and set a $106.00 price objective on shares of Walt Disney in a report on Monday, December 11th. Finally, Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $118.61.

Walt Disney Co (NYSE:DIS) opened at $104.12 on Wednesday. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10. The firm has a market capitalization of $155,465.06, a P/E ratio of 17.12, a PEG ratio of 1.80 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. research analysts forecast that Walt Disney Co will post 6.8 earnings per share for the current fiscal year.

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About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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