Acadian Asset Management LLC lifted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 1,989.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,028 shares of the entertainment giant's stock after purchasing an additional 97,146 shares during the quarter. Acadian Asset Management LLC's holdings in Walt Disney were worth $10,063,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney in the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the fourth quarter valued at about $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares during the last quarter. Copia Wealth Management acquired a new position in Walt Disney in the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
DIS has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Jefferies Financial Group cut shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Chardan Capital reissued a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI increased their price target on shares of Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Morgan Stanley increased their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus target price of $131.18.
Read Our Latest Stock Analysis on DIS
Walt Disney Stock Down 0.9%
Shares of DIS opened at $116.02 on Friday. The company's 50-day simple moving average is $118.34 and its 200-day simple moving average is $109.03. The stock has a market capitalization of $208.60 billion, a PE ratio of 18.18, a P/E/G ratio of 1.69 and a beta of 1.55. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $23.65 billion for the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. Analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
About Walt Disney
(
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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