AIA Group Ltd Increases Stake in The Walt Disney Company (NYSE:DIS)

AIA Group Ltd raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 48.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,786 shares of the entertainment giant’s stock after purchasing an additional 5,129 shares during the quarter. AIA Group Ltd’s holdings in Walt Disney were worth $1,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,415,427,000. Arrowstreet Capital Limited Partnership grew its holdings in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after buying an additional 4,680,930 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Walt Disney in the 4th quarter worth $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the 4th quarter valued at about $350,707,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIS has been the subject of several recent analyst reports. Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. 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 report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Up 0.7 %

DIS opened at $98.74 on Tuesday. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.69. The company has a market cap of $178.49 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The business’s fifty day moving average is $107.14 and its two-hundred day moving average is $105.26. 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) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Walt Disney 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.