Twin Capital Management Inc. Acquires 1,570 Shares of The Walt Disney Company (NYSE:DIS)

Twin Capital Management Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,796 shares of the entertainment giant’s stock after purchasing an additional 1,570 shares during the period. Twin Capital Management Inc.’s holdings in Walt Disney were worth $3,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Norges Bank bought a new position in shares of Walt Disney in the 4th quarter worth $2,415,427,000. Arrowstreet Capital Limited Partnership increased its stake in 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 valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the last quarter. Jennison Associates LLC boosted its holdings 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 purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at about $358,151,000. Finally, Boston Partners purchased a new stake in Walt Disney in the fourth quarter worth approximately $350,707,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DIS shares. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.33.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $83.52 on Monday. The firm has a market cap of $150.99 billion, a PE ratio of 27.21, a PEG ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 12 month low of $80.40 and a 12 month high of $118.63. The stock has a 50 day moving average of $105.68 and a 200 day moving average of $105.29. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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 expect 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.