Occudo Quantitative Strategies LP Makes New $1.96 Million Investment in The Walt Disney Company (NYSE:DIS)

Occudo Quantitative Strategies LP acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,618 shares of the entertainment giant's stock, valued at approximately $1,962,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisors LLC grew its stake in shares of Walt Disney by 2.7% in the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after buying an additional 92 shares in the last quarter. Prossimo Advisors LLC grew its stake in shares of Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after buying an additional 92 shares in the last quarter. Saxon Interests Inc. grew its stake in shares of Walt Disney by 2.8% in the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after buying an additional 93 shares in the last quarter. Onefund LLC grew its stake in shares of Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after buying an additional 93 shares in the last quarter. Finally, Abundance Wealth Counselors grew its stake in shares of Walt Disney by 1.0% in the 4th quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock worth $1,076,000 after buying an additional 94 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DIS shares. UBS Group lifted their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.54.

Walt Disney Stock Up 4.3%

DIS opened at $110.51 on Tuesday. The business has a 50 day moving average price of $93.89 and a 200 day moving average price of $104.32. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $199.79 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for 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%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.