Aigen Investment Management LP Has $4.61 Million Position in The Walt Disney Company (NYSE:DIS)

Key Points

• Aigen Investment Management LP increased its stake in Walt Disney Company by 130.8% during the 1st quarter, owning a total of 46,730 shares valued at approximately $4.6 million.
• Walt Disney reported $1.61 EPS for the last quarter, exceeding analysts' expectations, and saw a revenue increase of 2.1% year-over-year.
• Institutional investors own 65.71% of Walt Disney's stock, with various firms adjusting their positions, including Kessler Investment Group, which increased its stake by 274.0%.

Aigen Investment Management LP increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 130.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,730 shares of the entertainment giant's stock after purchasing an additional 26,484 shares during the period. Walt Disney makes up about 0.8% of Aigen Investment Management LP's portfolio, making the stock its 9th biggest holding. Aigen Investment Management LP's holdings in Walt Disney were worth $4,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acorns Advisers LLC raised its stake in shares of Walt Disney by 2.6% during the fourth quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after acquiring an additional 98 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant's stock worth $1,629,000 after purchasing an additional 99 shares during the last quarter. Hemington Wealth Management grew its stake in shares of Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant's stock worth $555,000 after purchasing an additional 105 shares during the last quarter. Allegheny Financial Group grew its stake in shares of Walt Disney by 2.3% in the fourth quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock worth $515,000 after purchasing an additional 106 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant's stock worth $2,578,000 after purchasing an additional 113 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Up 1.1%

Shares of DIS stock traded up $1.27 on Tuesday, reaching $113.82. 7,273,727 shares of the company's stock were exchanged, compared to its average volume of 9,863,791. The company's fifty day simple moving average is $119.16 and its 200 day simple moving average is $107.98. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $204.64 billion, a PE ratio of 17.84, a P/E/G ratio of 1.62 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on DIS. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Citigroup boosted 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. Raymond James Financial reissued a "neutral" rating on shares of Walt Disney in a research note on Monday. Finally, Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Eight equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average target price of $131.18.

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.