2,357 Shares in The Walt Disney Company (NYSE:DIS) Bought by Challenger Wealth Management

Challenger Wealth Management acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,357 shares of the entertainment giant's stock, valued at approximately $262,000.

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

Analyst Ratings Changes

DIS has been the topic of several recent analyst reports. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Stock Down 0.2%

NYSE DIS traded down $0.23 during midday trading on Thursday, hitting $111.29. 2,248,203 shares of the company traded hands, compared to its average volume of 10,005,204. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a market cap of $200.08 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company's 50-day simple moving average is $96.59 and its 200-day simple moving average is $105.50.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company's stock.

Walt Disney 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.