DnB Asset Management AS Purchases 14,713 Shares of The Walt Disney Company (NYSE:DIS)

DnB Asset Management AS grew its position in shares of The Walt Disney Company (NYSE:DIS) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 330,011 shares of the entertainment giant’s stock after acquiring an additional 14,713 shares during the period. DnB Asset Management AS’s holdings in Walt Disney were worth $36,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter valued at $35,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 0.3 %

Walt Disney stock opened at $100.45 on Friday. The firm has a market capitalization of $181.59 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The stock’s fifty day moving average is $107.49 and its two-hundred day moving average is $105.01.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DIS shares. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price 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.