Sciencast Management LP acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,276 shares of the entertainment giant's stock, valued at approximately $3,037,000.
Several other institutional investors have also recently added to or reduced their stakes in DIS. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Walt Disney in the fourth quarter worth $358,151,000. Boston Partners bought a new stake in Walt Disney in the fourth quarter valued at $350,707,000. FMR LLC boosted its holdings in shares of Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after acquiring an additional 2,765,389 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of 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 last quarter. Institutional investors own 65.71% of the company's stock.
Walt Disney Trading Up 1.4 %
Shares of Walt Disney stock traded up $1.43 on Tuesday, reaching $101.61. 7,363,448 shares of the company were exchanged, compared to its average volume of 9,539,415. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The firm has a market capitalization of $183.69 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The stock has a fifty day moving average price of $107.89 and a 200-day moving average price of $104.86.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on DIS. Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price target for the company. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.64.
View Our Latest Report on DIS
About Walt Disney
(
Free Report)
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.
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