Taikang Asset Management Hong Kong Co Ltd Has $3.56 Million Stock Holdings in The Walt Disney Company (NYSE:DIS)

Taikang Asset Management Hong Kong Co Ltd lessened its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,000 shares of the entertainment giant's stock after selling 7,500 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in Walt Disney were worth $3,563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Walt Disney during the fourth quarter worth approximately $28,000. Tacita Capital Inc raised its stake in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at about $35,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney during the fourth quarter worth about $39,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DIS shares. Jefferies Financial Group initiated coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Macquarie reaffirmed a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $125.64.

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Walt Disney Stock Up 1.4 %

NYSE:DIS traded up $1.43 during mid-day trading on Tuesday, reaching $101.61. The stock had a trading volume of 7,363,448 shares, compared to its average volume of 9,529,117. 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 $183.69 billion, a P/E ratio of 33.10, a PEG ratio of 1.80 and a beta of 1.41. The business's 50 day moving average is $107.89 and its 200 day moving average is $104.86. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. As a group, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.