The Walt Disney Company (NYSE:DIS) Position Increased by Townsquare Capital LLC

Townsquare Capital LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 205,951 shares of the entertainment giant’s stock after acquiring an additional 13,232 shares during the period. Townsquare Capital LLC’s holdings in Walt Disney were worth $22,933,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Norges Bank purchased a new stake in Walt Disney during the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC boosted its holdings in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. Bank of New York Mellon Corp increased its position in shares of Walt Disney by 15.5% in the fourth 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, Arrowstreet Capital Limited Partnership raised its holdings in shares of Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock valued at $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday. Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Walt Disney Stock Down 0.4 %

Shares of DIS stock opened at $84.92 on Friday. The stock’s 50 day simple moving average is $101.83 and its 200 day simple moving average is $104.75. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. 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 company has a market capitalization of $153.52 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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.