Renaissance Technologies LLC Buys 434,425 Shares of The Walt Disney Company (NYSE:DIS)

Renaissance Technologies LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,538,334 shares of the entertainment giant’s stock after purchasing an additional 434,425 shares during the quarter. Renaissance Technologies LLC’s holdings in Walt Disney were worth $171,293,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Norges Bank bought a new stake in shares of Walt Disney during the fourth quarter valued at about $2,415,427,000. Arrowstreet Capital Limited Partnership grew its stake in 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 valued at $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new stake in Walt Disney in the 4th quarter worth approximately $358,151,000. Finally, Boston Partners bought a new position in Walt Disney in the 4th quarter valued at $350,707,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Walt Disney stock opened at $83.23 on Tuesday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The firm has a market cap of $150.46 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.80 and a beta of 1.44. 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 50-day moving average of $105.08 and a 200-day moving average of $105.21.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DIS shares. Loop Capital upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Macquarie reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Prescient Securities cut their price objective 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 raised their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

About Walt Disney

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.