Adage Capital Partners GP L.L.C. increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,843,125 shares of the entertainment giant's stock after purchasing an additional 133,600 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Walt Disney worth $205,232,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Norges Bank bought a new position in Walt Disney during the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC grew its position in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Walt Disney by 15.5% in the 4th 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 purchasing an additional 2,300,912 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in 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 valued at $1,240,025,000 after purchasing an additional 192,871 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DIS. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday. Finally, The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.75.
View Our Latest Stock Report on DIS
Walt Disney Stock Performance
Shares of Walt Disney stock traded up $0.22 during trading on Friday, hitting $90.23. 7,747,097 shares of the company's stock traded hands, compared to its average volume of 10,097,424. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The business has a 50-day simple moving average of $97.01 and a 200-day simple moving average of $104.09. The stock has a market capitalization of $163.12 billion, a P/E ratio of 29.39, a PEG ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.
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.
Further Reading
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
