Two Sigma Advisers LP Acquires Shares of 55,300 The Walt Disney Company (NYSE:DIS)

Two Sigma Advisers LP acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,300 shares of the entertainment giant's stock, valued at approximately $6,158,000.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. Norges Bank acquired a new position in shares of Walt Disney during the 4th quarter worth about $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at about $358,151,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIS has been the subject of several research reports. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Barclays upped their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Stock Performance

Shares of DIS stock traded down $1.40 during trading hours on Friday, reaching $109.73. 8,084,016 shares of the company's stock were exchanged, compared to its average volume of 10,042,698. The company has a market cap of $197.27 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company's 50 day moving average is $95.89 and its two-hundred day moving average is $105.25. The Walt Disney Company has a 1 year low of $80.10 and a 1 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 issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company's stock.

About Walt Disney

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.