Brevan Howard Capital Management LP Invests $3.52 Million in The Walt Disney Company (NYSE:DIS)

Brevan Howard Capital Management LP purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 31,695 shares of the entertainment giant's stock, valued at approximately $3,522,000.

Several other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc grew its position in Walt Disney by 93.2% during the 4th 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth $35,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. UBS Group cut their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Price Performance

Walt Disney stock traded up $9.85 during mid-day trading on Wednesday, reaching $102.02. 36,151,111 shares of the company were exchanged, compared to its average volume of 10,031,045. The firm has a market cap of $184.43 billion, a PE ratio of 33.23, a PEG ratio of 1.80 and a beta of 1.49. The company has a fifty day simple moving average of $94.07 and a 200-day simple moving average of $104.04. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. 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, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. During the same quarter last year, the firm posted $1.21 EPS. The firm's revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Walt Disney Company 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.