Clearbridge Investments LLC Acquires 138,943 Shares of The Walt Disney Company (NYSE:DIS)

Clearbridge Investments LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 3.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,183,835 shares of the entertainment giant’s stock after buying an additional 138,943 shares during the quarter. Clearbridge Investments LLC’s holdings in Walt Disney were worth $465,870,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DIS. Norges Bank bought a new position in Walt Disney during the 4th quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. Jennison Associates LLC grew its holdings in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Walt Disney in the 4th quarter valued at approximately $358,151,000. Finally, Boston Partners bought a new stake in Walt Disney in the 4th quarter valued at approximately $350,707,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DIS shares. Macquarie reaffirmed a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research report on Monday, February 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.02 on Friday. The business’s 50-day moving average price is $107.31 and its 200-day moving average price is $105.07. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $177.19 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. Equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current 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.