American Century Companies Inc. Grows Position in The Walt Disney Company (NYSE:DIS)

American Century Companies Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 20.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,186,639 shares of the entertainment giant’s stock after buying an additional 198,096 shares during the quarter. American Century Companies Inc.’s holdings in Walt Disney were worth $132,133,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its position in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $35,000. Finally, Vision Financial Markets LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $99.51 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a fifty day moving average of $108.04 and a two-hundred day moving average of $104.78. The company has a market capitalization of $179.89 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week 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, 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, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DIS. Jefferies Financial Group began coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Six 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.64.

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.