Geode Capital Management LLC Acquires 809,989 Shares of The Walt Disney Company (NYSE:DIS)

Geode Capital Management LLC increased its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,482,309 shares of the entertainment giant’s stock after acquiring an additional 809,989 shares during the period. Geode Capital Management LLC’s holdings in Walt Disney were worth $4,272,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. United Bank grew its stake in shares of Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after buying an additional 712 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Walt Disney by 68.2% in the third quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock worth $1,049,000 after acquiring an additional 4,421 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Walt Disney in the third quarter worth $51,000. Kestra Investment Management LLC bought a new position in shares of Walt Disney during the third quarter valued at $255,000. Finally, Atom Investors LP purchased a new position in shares of Walt Disney in the 3rd quarter worth about $352,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

DIS has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Citigroup restated a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $98.74 on Tuesday. The stock’s fifty day moving average is $107.14 and its 200 day moving average is $105.26. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.69. 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 market cap of $178.49 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.