Raiffeisen Bank International AG Invests $61.39 Million in The Walt Disney Company (NYSE:DIS)

Raiffeisen Bank International AG acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 554,041 shares of the entertainment giant's stock, valued at approximately $61,387,000. Walt Disney comprises about 0.9% of Raiffeisen Bank International AG's portfolio, making the stock its 27th largest position.

Other large investors have also made changes to their positions in the company. Redwood Investment Management LLC purchased a new stake in Walt Disney during the fourth quarter worth $1,551,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Walt Disney during the fourth quarter worth $2,517,000. Point72 Europe London LLP purchased a new stake in Walt Disney during the fourth quarter worth $2,439,000. Polar Asset Management Partners Inc. boosted its holdings in Walt Disney by 60.9% during the fourth quarter. Polar Asset Management Partners Inc. now owns 135,828 shares of the entertainment giant's stock worth $15,124,000 after buying an additional 51,428 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Walt Disney by 25.0% during the fourth quarter. ProShare Advisors LLC now owns 410,836 shares of the entertainment giant's stock worth $45,747,000 after buying an additional 82,083 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Rosenblatt Securities restated a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Finally, Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Six research 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.

Walt Disney Stock Down 0.6%

Walt Disney stock traded down $0.70 during trading on Monday, reaching $112.72. The stock had a trading volume of 3,142,901 shares, compared to its average volume of 10,013,779. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The business has a 50 day moving average price of $94.62 and a 200 day moving average price of $104.79. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $202.64 billion, a PE ratio of 36.69, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction 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. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

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.