Itau Unibanco Holding S.A. Purchases 6,514 Shares of The Walt Disney Company (NYSE:DIS)

Itau Unibanco Holding S.A. lifted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 193.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,879 shares of the entertainment giant's stock after acquiring an additional 6,514 shares during the period. Itau Unibanco Holding S.A.'s holdings in Walt Disney were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Walt Disney in the 4th quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership raised its position in 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 acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC lifted its holdings in 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 acquiring an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at about $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Up 1.9 %

DIS stock traded up $1.71 during trading hours on Friday, hitting $92.52. The company's stock had a trading volume of 7,591,072 shares, compared to its average volume of 10,113,226. The stock has a 50 day moving average price of $95.08 and a two-hundred day moving average price of $104.00. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a market capitalization of $167.26 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Barclays cut their target price on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Macquarie reiterated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Six investment 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 stock. According to MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average price target of $123.75.

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.