Erste Asset Management GmbH Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Erste Asset Management GmbH raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,958 shares of the entertainment giant’s stock after buying an additional 14,467 shares during the quarter. Erste Asset Management GmbH’s holdings in Walt Disney were worth $25,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock valued at $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management grew its holdings in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the period. Greystone Financial Group LLC grew its holdings in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the period. Avanza Fonder AB purchased a new stake in shares of Walt Disney during the 4th quarter worth about $15,125,000. Finally, Swedbank AB grew its holdings in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DIS shares. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Bank of America boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

Shares of NYSE DIS opened at $98.79 on Thursday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business’s fifty day moving average price is $109.63 and its two-hundred day moving average price is $104.36. The firm has a market capitalization of $178.60 billion, a PE ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its 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, research analysts expect 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.