UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,867,017 shares of the entertainment giant's stock after acquiring an additional 3,016,339 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.93% of Walt Disney worth $1,878,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock worth $4,272,590,000 after acquiring an additional 809,989 shares during the period. Northern Trust Corp raised its stake in shares of Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares during the last quarter. Norges Bank purchased a new position in shares of Walt Disney during the 4th quarter valued at about $2,415,427,000. Jennison Associates LLC raised its stake in shares of Walt Disney by 23.4% during 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 buying an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.54.

Walt Disney Trading Up 0.6%

DIS traded up $0.62 during trading hours on Thursday, reaching $111.08. The company's stock had a trading volume of 7,899,241 shares, compared to its average volume of 10,037,963. 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 business's 50-day moving average is $95.44 and its 200-day moving average is $105.05. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The stock has a market cap of $199.69 billion, a PE ratio of 36.18, a P/E/G ratio of 1.80 and a beta of 1.49.

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

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.

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.