ExodusPoint Capital Management LP Buys New Shares in The Walt Disney Company (NYSE:DIS)

ExodusPoint Capital Management LP purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 252,186 shares of the entertainment giant's stock, valued at approximately $28,081,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. United Bank boosted its stake in shares of Walt Disney by 6.2% in the third quarter. United Bank now owns 12,145 shares of the entertainment giant's stock valued at $1,168,000 after purchasing an additional 712 shares during the period. Edgestream Partners L.P. boosted its position in Walt Disney by 68.2% in the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant's stock valued at $1,049,000 after buying an additional 4,421 shares during the period. Atom Investors LP acquired a new position in Walt Disney during the 3rd quarter worth $352,000. Benjamin Edwards Inc. increased its holdings in Walt Disney by 139,052.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant's stock worth $2,811,000 after purchasing an additional 29,201 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant's stock worth $398,508,000 after acquiring an additional 2,188,610 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Macquarie reiterated a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Finally, Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average price target of $125.33.

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Walt Disney Price Performance

Walt Disney stock traded down $9.21 during mid-day trading on Thursday, hitting $88.67. 19,326,386 shares of the company were exchanged, compared to its average volume of 9,768,674. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $120.19. The business's 50 day simple moving average is $106.26 and its two-hundred day simple moving average is $105.26. The company has a market capitalization of $160.30 billion, a P/E ratio of 28.88, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. 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.