T. Rowe Price Investment Management Inc. raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,500 shares of the entertainment giant's stock after acquiring an additional 17,349 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in Walt Disney were worth $5,846,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC raised its holdings in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares during the period. Norges Bank bought a new position in shares of Walt Disney in the fourth quarter worth about $2,415,427,000. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 2,300,912 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant's stock worth $1,240,025,000 after acquiring an additional 192,871 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Price Performance
DIS traded up $1.00 during midday trading on Tuesday, hitting $91.16. The company had a trading volume of 6,353,882 shares, compared to its average volume of 10,091,304. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The firm's 50-day simple moving average is $96.59 and its 200-day simple moving average is $104.22. The company has a market capitalization of $164.80 billion, a PE ratio of 29.69, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on DIS. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.75.
View Our Latest Stock Analysis on Walt Disney
Walt Disney Company Profile
(
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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