The Walt Disney Company (NYSE:DIS) Holdings Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,477 shares of the entertainment giant's stock after acquiring an additional 54,569 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Walt Disney were worth $15,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $32,000. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the 4th quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney during the 4th quarter worth $35,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS traded up $1.19 during mid-day trading on Wednesday, reaching $87.28. 11,986,489 shares of the company's stock traded hands, compared to its average volume of 10,068,659. The business's 50-day moving average price is $98.26 and its 200-day moving average price is $104.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $157.79 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DIS shares. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Citigroup reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Macquarie reiterated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney 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.