OMERS ADMINISTRATION Corp Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

OMERS ADMINISTRATION Corp raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 83,086 shares of the entertainment giant's stock after acquiring an additional 11,082 shares during the period. OMERS ADMINISTRATION Corp's holdings in Walt Disney were worth $9,252,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Obermeyer Wealth Partners lifted its position in Walt Disney by 29.9% during the fourth quarter. Obermeyer Wealth Partners now owns 15,236 shares of the entertainment giant's stock worth $1,697,000 after buying an additional 3,503 shares during the period. Maytus Capital Management LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at about $6,124,000. Meridiem Capital Partners LP purchased a new position in shares of Walt Disney during the 4th quarter worth about $33,096,000. Minot DeBlois Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth approximately $1,396,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Walt Disney by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 216,293 shares of the entertainment giant's stock valued at $24,084,000 after purchasing an additional 3,380 shares during the period. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 4.3%

Shares of Walt Disney stock opened at $110.51 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The company has a market capitalization of $199.79 billion, a PE ratio of 36.00, a P/E/G ratio of 1.80 and a beta of 1.49. 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 has a 50-day moving average of $93.89 and a 200-day moving average of $104.32.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, beating 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 firm had revenue of $23.62 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same quarter last year, the firm earned $1.21 EPS. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DIS shares. UBS Group increased their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research report on Monday, April 21st. Loop Capital raised their price objective on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.54.

About Walt Disney

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.

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