Focused Investors LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Focused Investors LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 11.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,234,500 shares of the entertainment giant’s stock after buying an additional 129,800 shares during the quarter. Walt Disney makes up about 3.6% of Focused Investors LLC’s holdings, making the stock its 14th biggest position. Focused Investors LLC owned about 0.07% of Walt Disney worth $118,747,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock valued at $766,903,000 after buying an additional 6,084,993 shares during the last quarter. Swedbank AB acquired a new stake in Walt Disney during the first quarter worth approximately $493,715,000. Farallon Capital Management LLC purchased a new stake in Walt Disney in the 2nd quarter worth approximately $355,673,000. International Assets Investment Management LLC raised its holdings in Walt Disney by 12,574.4% in the 3rd quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock valued at $329,585,000 after acquiring an additional 3,399,359 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Walt Disney by 114.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,307,794 shares of the entertainment giant’s stock worth $414,582,000 after purchasing an additional 2,298,921 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective for the company. Macquarie raised their target price on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group lowered their target price on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Price Performance

DIS opened at $115.08 on Friday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market cap of $208.71 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $95.57 and a 200 day simple moving average of $96.69.

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.