The Walt Disney Company (NYSE:DIS) Shares Purchased by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 92.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,938 shares of the entertainment giant’s stock after acquiring an additional 44,535 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Walt Disney were worth $8,940,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DIS. Capital World Investors increased its position in Walt Disney by 3,332.4% during the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in shares of Walt Disney during the 1st quarter worth $493,715,000. Farallon Capital Management LLC purchased a new position in shares of Walt Disney in the 2nd quarter worth $355,673,000. Ontario Teachers Pension Plan Board acquired a new position in Walt Disney in the first quarter valued at $425,567,000. Finally, International Assets Investment Management LLC grew its position in Walt Disney by 12,574.4% during the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after acquiring an additional 3,399,359 shares during the period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS traded up $0.42 during mid-day trading on Wednesday, hitting $101.41. The company’s stock had a trading volume of 2,438,721 shares, compared to its average volume of 10,673,499. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a 50-day moving average price of $94.35 and a 200 day moving average price of $96.65. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock has a market capitalization of $183.92 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.64 and a beta of 1.40.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DIS. Wells Fargo & Company reduced their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group decreased 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 note on Thursday, August 8th. Raymond James reissued a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Macquarie reduced their target price on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, September 19th. Finally, Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.14.

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.