T. Rowe Price Investment Management Inc. Buys 17,349 Shares of The Walt Disney Company (NYSE:DIS)

T. Rowe Price Investment Management Inc. lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 49.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,500 shares of the entertainment giant's stock after buying an additional 17,349 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in Walt Disney were worth $5,846,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DIS. Norges Bank purchased a new position in Walt Disney during the fourth quarter valued at $2,415,427,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 buying an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $358,151,000. Finally, Boston Partners purchased a new position in Walt Disney in the 4th quarter worth approximately $350,707,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS traded down $1.18 during mid-day trading on Wednesday, reaching $89.99. The stock had a trading volume of 4,668,214 shares, compared to its average volume of 10,082,149. The company has a market cap of $162.68 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The business's 50 day moving average price is $96.20 and its 200 day moving average price is $104.20. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays lowered their target price on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wolfe Research raised 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 research report on Monday, April 21st. Finally, Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $123.75.

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.