The Manufacturers Life Insurance Company raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,640,306 shares of the entertainment giant's stock after buying an additional 120,024 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.20% of Walt Disney worth $405,348,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc increased its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the 4th quarter worth about $32,000. Midwest Capital Advisors LLC bought a new stake in Walt Disney during the 4th quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DIS. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Tuesday, April 22nd. Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Six research 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 company's stock. According to data from MarketBeat.com, Walt Disney presently 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 Up 0.2 %
Shares of Walt Disney stock opened at $90.23 on Monday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The business has a fifty day simple moving average of $97.01 and a 200 day simple moving average of $104.24. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $163.12 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.
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 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%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney 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.
See Also
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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