Victory Capital Management Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

Victory Capital Management Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 662,659 shares of the entertainment giant’s stock after acquiring an additional 71,141 shares during the quarter. Victory Capital Management Inc.’s holdings in Walt Disney were worth $73,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Impax Asset Management Group plc boosted its position in Walt Disney by 4.5% in the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after purchasing an additional 27,806 shares during the last quarter. M&G PLC purchased a new position in Walt Disney in the third quarter worth about $1,250,000. Forte Capital LLC ADV boosted its position in Walt Disney by 2.3% in the third quarter. Forte Capital LLC ADV now owns 9,752 shares of the entertainment giant’s stock worth $938,000 after purchasing an additional 220 shares during the last quarter. Graypoint LLC boosted its position in Walt Disney by 4.1% in the third quarter. Graypoint LLC now owns 25,810 shares of the entertainment giant’s stock worth $2,483,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in Walt Disney in the third quarter worth about $212,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIS has been the topic of several research reports. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Sanford C. Bernstein raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Evercore ISI raised their price objective on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

NYSE DIS opened at $105.47 on Friday. The stock has a market capitalization of $190.66 billion, a PE ratio of 34.35, a P/E/G ratio of 1.80 and a beta of 1.41. The business has a 50 day simple moving average of $110.42 and a two-hundred day simple moving average of $103.95. 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 Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 8,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

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.