one8zero8 LLC Buys New Shares in The Walt Disney Company (NYSE:DIS)

one8zero8 LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel reports. The fund bought 8,215 shares of the entertainment giant’s stock, valued at approximately $915,000.

A number of other hedge funds have also added to or reduced their stakes in the business. United Bank lifted its stake in shares of Walt Disney by 6.2% during the 3rd 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 last quarter. Aigen Investment Management LP acquired a new stake in shares of Walt Disney during the 3rd quarter worth about $267,000. CIBC Asset Management Inc lifted its stake in shares of Walt Disney by 9.2% during the 3rd quarter. CIBC Asset Management Inc now owns 319,189 shares of the entertainment giant’s stock worth $30,702,000 after buying an additional 26,848 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Walt Disney by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 90,960 shares of the entertainment giant’s stock worth $8,749,000 after buying an additional 6,507 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake 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 buying an additional 4,124 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DIS shares. Redburn Atlantic raised 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. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Finally, Evercore ISI raised their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Six research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.73 on Friday. The firm has a market capitalization of $178.48 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm has a fifty day simple moving average of $109.10 and a two-hundred day simple moving average of $104.35. 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 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.