The Walt Disney Company (NYSE:DIS) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,919 shares of the entertainment giant’s stock after acquiring an additional 373 shares during the period. iA Global Asset Management Inc.’s holdings in Walt Disney were worth $548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc boosted its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Macquarie reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Jefferies Financial Group initiated coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Trading Up 0.7 %

Walt Disney stock opened at $99.51 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The business’s 50-day simple moving average is $108.04 and its 200-day simple moving average is $104.67. The firm has a market capitalization of $179.89 billion, a PE ratio of 32.41, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

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

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.