DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1,900.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,735,961 shares of the entertainment giant's stock after acquiring an additional 5,449,158 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.32% of Walt Disney worth $638,699,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC grew its holdings in shares of Walt Disney by 29.8% during the fourth quarter. Dunhill Financial LLC now owns 1,032 shares of the entertainment giant's stock worth $115,000 after purchasing an additional 237 shares in the last quarter. Eagle Global Advisors LLC grew its stake in Walt Disney by 24.9% in the 4th quarter. Eagle Global Advisors LLC now owns 43,381 shares of the entertainment giant's stock worth $4,830,000 after buying an additional 8,638 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Walt Disney by 6.4% in the 4th quarter. Colonial Trust Co SC now owns 34,111 shares of the entertainment giant's stock worth $3,798,000 after buying an additional 2,042 shares during the last quarter. Concentric Capital Strategies LP purchased a new stake in shares of Walt Disney during the 4th quarter valued at $317,000. Finally, Blue Capital Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth $3,730,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Stock Up 0.8 %
DIS stock traded up $0.81 on Friday, reaching $105.93. 10,435,544 shares of the company traded hands, compared to its average volume of 10,029,149. The firm has a fifty day simple moving average of $93.86 and a 200-day simple moving average of $104.11. The company has a market cap of $191.50 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a one year low of $80.10 and a one year 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 posted its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on DIS shares. Loop Capital increased their target price on Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday. Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Guggenheim cut their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.54.
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Walt Disney Profile
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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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