Pilgrim Partners Asia Pte Ltd Invests $32,000 in The Walt Disney Company (NYSE:DIS)

Pilgrim Partners Asia Pte Ltd acquired a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 290 shares of the entertainment giant’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also modified their holdings of DIS. Resona Asset Management Co. Ltd. acquired a new position in Walt Disney during the fourth quarter valued at approximately $105,957,000. First Western Trust Bank grew its stake in Walt Disney by 3.1% in the 4th quarter. First Western Trust Bank now owns 29,297 shares of the entertainment giant’s stock valued at $3,262,000 after buying an additional 875 shares during the last quarter. Hurlow Wealth Management Group Inc. bought a new position in Walt Disney in the 4th quarter worth $223,000. PAX Financial Group LLC lifted its position in Walt Disney by 7.7% during the 4th quarter. PAX Financial Group LLC now owns 8,199 shares of the entertainment giant’s stock worth $913,000 after acquiring an additional 587 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its holdings in Walt Disney by 5.9% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 8,149 shares of the entertainment giant’s stock valued at $907,000 after acquiring an additional 454 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $83.52 on Friday. The stock has a market capitalization of $150.99 billion, a P/E ratio of 27.21, a price-to-earnings-growth 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 Walt Disney Company has a 1 year low of $83.08 and a 1 year high of $118.63. The firm has a 50 day moving average of $105.68 and a 200-day moving average of $105.20.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIS. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Macquarie reiterated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

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.