TT Capital Management LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,889 shares of the entertainment giant's stock, valued at approximately $627,000.
A number of other large investors also recently modified their holdings of DIS. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter worth approximately $2,415,427,000. Jennison Associates LLC lifted its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Stock Up 0.4 %
Shares of DIS stock traded up $0.34 during trading on Tuesday, reaching $85.00. The company's stock had a trading volume of 7,828,411 shares, compared to its average volume of 9,991,160. The company has a market cap of $153.67 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The business has a fifty day moving average price of $100.77 and a 200-day moving average price of $104.67. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.
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, topping 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%. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.
Wall Street Analyst Weigh In
DIS has been the topic of a number of analyst reports. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Macquarie reissued a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Finally, Loop Capital upped 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. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of "Moderate Buy" and a consensus target price of $124.48.
Read Our Latest Stock Report on DIS
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.
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