Point72 Asia Singapore Pte. Ltd. Makes New Investment in The Walt Disney Company (NYSE:DIS)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,606 shares of the entertainment giant's stock, valued at approximately $2,517,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Pathway Financial Advisors LLC grew its position in Walt Disney by 2.7% during the 4th quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after purchasing an additional 92 shares in the last quarter. Prossimo Advisors LLC boosted its position in shares of Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after buying an additional 92 shares during the period. Saxon Interests Inc. boosted its position in shares of Walt Disney by 2.8% in the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after buying an additional 93 shares during the period. Onefund LLC grew its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock valued at $541,000 after buying an additional 93 shares in the last quarter. Finally, Abundance Wealth Counselors raised its position in Walt Disney by 1.0% during the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock valued at $1,076,000 after buying an additional 94 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Up 0.8%

Shares of Walt Disney stock opened at $112.32 on Thursday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company's fifty day simple moving average is $94.14 and its 200-day simple moving average is $104.49. The company has a market cap of $201.92 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital raised their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Guggenheim dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.54.

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.

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