Ilmarinen Mutual Pension Insurance Co Boosts Position in The Walt Disney Company (NYSE:DIS)

Ilmarinen Mutual Pension Insurance Co increased its position in shares of The Walt Disney Company (NYSE:DIS) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,396 shares of the entertainment giant’s stock after purchasing an additional 60,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Walt Disney were worth $30,331,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its stake in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the 4th quarter valued at about $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 6.0 %

DIS opened at $83.52 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.08 and a 52 week high of $118.86. The business’s 50 day moving average is $105.68 and its two-hundred day moving average is $105.11. The firm has a market cap of $150.99 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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%. On average, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DIS shares. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $125.33.

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.