CANADA LIFE ASSURANCE Co Boosts Stake in The Walt Disney Company (NYSE:DIS)

CANADA LIFE ASSURANCE Co raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,938,580 shares of the entertainment giant’s stock after buying an additional 21,673 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Walt Disney were worth $215,858,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Fairfield Bush & CO. acquired a new stake in shares of Walt Disney during the 4th quarter worth about $625,000. GKV Capital Management Co. Inc. acquired a new stake in Walt Disney during the fourth quarter worth approximately $512,000. Strategic Investment Solutions Inc. IL grew its stake in Walt Disney by 36.7% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 3,401 shares of the entertainment giant’s stock worth $379,000 after acquiring an additional 913 shares during the period. MSH Capital Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at $554,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Walt Disney by 24.1% during the 4th quarter. NewEdge Advisors LLC now owns 125,760 shares of the entertainment giant’s stock worth $14,003,000 after purchasing an additional 24,445 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DIS shares. UBS Group lowered their price objective on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Citigroup reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Barclays decreased their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average price target of $124.48.

Walt Disney Price Performance

Shares of DIS stock opened at $82.88 on Thursday. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. 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 company has a market capitalization of $149.83 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm has a fifty day simple moving average of $100.21 and a 200-day simple moving average of $104.52.

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 return on equity of 9.95% and a net margin of 6.07%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.