192,204 Shares in The Walt Disney Company (NYSE:DIS) Bought by Allianz SE

Allianz SE purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 192,204 shares of the entertainment giant's stock, valued at approximately $21,361,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $2,415,427,000. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% in 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 buying an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Walt Disney by 15.5% during the fourth 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 acquiring an additional 2,300,912 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on DIS shares. Citigroup restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC restated a "buy" rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $125.64.

Walt Disney Trading Up 0.7 %

NYSE:DIS traded up $0.67 during mid-day trading on Monday, reaching $98.74. The company's stock had a trading volume of 6,674,024 shares, compared to its average volume of 9,809,632. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.69. The company's fifty day simple moving average is $107.31 and its two-hundred day simple moving average is $105.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $178.49 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

About Walt Disney

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.