DoubleLine ETF Adviser LP Has $4.74 Million Holdings in The Walt Disney Company (NYSE:DIS)

DoubleLine ETF Adviser LP trimmed its position in shares of The Walt Disney Company (NYSE:DIS) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,599 shares of the entertainment giant’s stock after selling 6,713 shares during the period. Walt Disney accounts for approximately 1.3% of DoubleLine ETF Adviser LP’s investment portfolio, making the stock its 16th biggest position. DoubleLine ETF Adviser LP’s holdings in Walt Disney were worth $4,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Walt Disney by 2.2% during the fourth 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. Northern Trust Corp boosted its stake in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 15.5% in the fourth 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 purchasing an additional 2,300,912 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group reduced their target price on shares of Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Tuesday, April 22nd. Barclays lowered their target price on Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Prescient Securities dropped their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.75.

Walt Disney Stock Down 0.1 %

Shares of NYSE DIS opened at $90.84 on Friday. The Walt Disney Company has a 12-month low of $80.10 and a 12-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 firm has a market cap of $164.22 billion, a PE ratio of 29.59, a P/E/G ratio of 1.80 and a beta of 1.44. The company’s fifty day simple moving average is $95.44 and its 200 day simple moving average is $104.02.

Walt Disney (NYSE:DIS) last issued its 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%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.