NEOS Investment Management LLC Raises Stock Holdings in The Walt Disney Company (NYSE:DIS)

NEOS Investment Management LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,792 shares of the entertainment giant’s stock after buying an additional 9,946 shares during the quarter. NEOS Investment Management LLC’s holdings in Walt Disney were worth $10,666,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jennison Associates LLC raised its position in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at $358,151,000. Boston Partners purchased a new stake in shares of Walt Disney in the 4th quarter valued at $350,707,000. Bank of New York Mellon Corp lifted its stake in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after acquiring an additional 2,300,912 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Walt Disney by 112.0% during the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after acquiring an additional 2,188,610 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIS. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $100.65 on Thursday. 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 Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market capitalization of $181.95 billion, a P/E ratio of 32.79, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s fifty day moving average price is $107.61 and its 200 day moving average price is $105.04.

Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict 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.