Catalyst Funds Management Pty Ltd Acquires New Position in The Walt Disney Company (NYSE:DIS)

Catalyst Funds Management Pty Ltd bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,600 shares of the entertainment giant’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. United Bank increased its stake in shares of Walt Disney by 6.2% during the third 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 period. Aigen Investment Management LP acquired a new stake in shares of Walt Disney in the 3rd quarter valued at $267,000. CIBC Asset Management Inc grew its stake in shares of Walt Disney by 9.2% during the third quarter. CIBC Asset Management Inc now owns 319,189 shares of the entertainment giant’s stock worth $30,702,000 after purchasing an additional 26,848 shares in the last quarter. Empowered Funds LLC raised its stake in Walt Disney by 7.7% in the third quarter. Empowered Funds LLC now owns 90,960 shares of the entertainment giant’s stock valued at $8,749,000 after buying an additional 6,507 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Walt Disney by 2.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 144,684 shares of the entertainment giant’s stock worth $13,917,000 after acquiring an additional 4,124 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. Needham & Company LLC reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie reissued a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Finally, Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Up 1.9 %

DIS stock opened at $98.73 on Friday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. 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 cap of $178.48 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s 50-day moving average price is $109.10 and its 200 day moving average price is $104.35.

Walt Disney (NYSE:DIS) last released its quarterly earnings results 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%. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.