The Walt Disney Company (NYSE:DIS) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,640,306 shares of the entertainment giant's stock after buying an additional 120,024 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.20% of Walt Disney worth $405,348,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DIS. Trek Financial LLC lifted its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Brookstone Capital Management grew its stake in Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Greystone Financial Group LLC raised its holdings in Walt Disney by 13.3% in the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock valued at $9,486,000 after acquiring an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $446,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DIS shares. Needham & Company LLC restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, April 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Macquarie restated a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Citigroup reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Six equities research 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's stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $123.75.

Walt Disney Stock Down 0.2 %

Shares of NYSE:DIS traded down $0.19 during trading hours on Wednesday, reaching $90.98. The stock had a trading volume of 8,466,852 shares, compared to its average volume of 10,104,266. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The firm's 50 day moving average is $96.20 and its 200-day moving average is $104.20. The stock has a market capitalization of $164.47 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.