Brown Advisory Securities LLC Sells 3,632 Shares of The Walt Disney Company (NYSE:DIS)

Brown Advisory Securities LLC cut its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 20.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,206 shares of the entertainment giant’s stock after selling 3,632 shares during the period. Walt Disney comprises approximately 1.1% of Brown Advisory Securities LLC’s investment portfolio, making the stock its 16th biggest holding. Brown Advisory Securities LLC’s holdings in Walt Disney were worth $1,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Walt Disney by 1.7% in the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock valued at $11,328,685,000 after purchasing an additional 1,200,863 shares during the last quarter. Geode Capital Management LLC increased its holdings in Walt Disney by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after buying an additional 518,125 shares during the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth $2,290,736,000. Loomis Sayles & Co. L P increased its holdings in Walt Disney by 25.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after buying an additional 2,707,126 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Walt Disney by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock worth $1,503,846,000 after buying an additional 385,342 shares during the last quarter. 64.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. KeyCorp lowered their target price on shares of Walt Disney from $151.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Truist Financial lowered their target price on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. The Goldman Sachs Group lowered their target price on shares of Walt Disney from $148.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. StockNews.com downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. Finally, Rosenblatt Securities began coverage on shares of Walt Disney in a research report on Tuesday, April 19th. They set a “buy” rating and a $177.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average target price of $154.28.

Walt Disney Stock Down 1.4 %

Shares of DIS opened at $106.63 on Friday. The Walt Disney Company has a 12 month low of $90.23 and a 12 month high of $187.58. The firm’s 50 day moving average is $100.15 and its 200-day moving average is $120.77. The stock has a market capitalization of $194.13 billion, a PE ratio of 73.54, a P/E/G ratio of 1.30 and a beta of 1.24. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.

Walt Disney (NYSE:DISGet Rating) last announced its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.12). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. The business had revenue of $19.25 billion for the quarter, compared to the consensus estimate of $20.25 billion. During the same period in the prior year, the business posted $0.79 earnings per share. Equities research analysts forecast that The Walt Disney Company will post 3.93 EPS for the current year.

Walt Disney Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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