Citizens Financial Group Inc RI Reduces Stock Holdings in Walt Disney Co (NYSE:DIS)

Citizens Financial Group Inc RI reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,190 shares of the entertainment giant’s stock after selling 1,143 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Walt Disney were worth $8,809,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Walt Disney during the 4th quarter worth approximately $2,572,048,000. Fisher Asset Management LLC increased its holdings in Walt Disney by 5,464.7% during the 1st quarter. Fisher Asset Management LLC now owns 4,504,570 shares of the entertainment giant’s stock worth $435,141,000 after purchasing an additional 4,423,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Walt Disney by 782.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,724,769 shares of the entertainment giant’s stock worth $391,758,000 after purchasing an additional 2,416,143 shares during the last quarter. M&G Investment Management Ltd. purchased a new stake in Walt Disney during the 4th quarter worth approximately $194,314,000. Finally, Swiss National Bank increased its holdings in Walt Disney by 23.1% during the 1st quarter. Swiss National Bank now owns 6,995,071 shares of the entertainment giant’s stock worth $675,724,000 after purchasing an additional 1,314,800 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Shares of Walt Disney stock opened at $117.83 on Friday. The business’s fifty day moving average price is $104.38 and its two-hundred day moving average price is $127.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The company has a market capitalization of $212.83 billion, a P/E ratio of 39.81, a PEG ratio of 11.24 and a beta of 1.08. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. On average, research analysts expect that Walt Disney Co will post 2.09 earnings per share for the current fiscal year.

DIS has been the topic of several analyst reports. Wells Fargo & Co downgraded Walt Disney from an “overweight” rating to an “equal weight” rating in a report on Sunday, April 19th. Imperial Capital decreased their target price on Walt Disney from $118.00 to $107.00 and set an “in-line” rating for the company in a research report on Thursday, April 2nd. Citigroup decreased their target price on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Cfra decreased their target price on Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Deutsche Bank decreased their target price on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a research report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $126.58.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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