CANADA LIFE ASSURANCE Co Raises Holdings in The Walt Disney Company (NYSE:DIS)

CANADA LIFE ASSURANCE Co grew its stake in The Walt Disney Company (NYSE:DIS) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,938,580 shares of the entertainment giant’s stock after buying an additional 21,673 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.11% of Walt Disney worth $215,858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Geode Capital Management LLC increased 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 last quarter. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter worth $2,415,427,000. Jennison Associates LLC increased its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 75.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 2.5 %

Shares of Walt Disney stock opened at $82.88 on Thursday. The company has a 50-day moving average of $100.21 and a two-hundred day moving average of $104.52. The stock has a market cap of $149.83 billion, a PE ratio of 27.00, 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 12-month low of $80.10 and a 12-month high of $118.63.

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

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Prescient Securities decreased their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $124.48.

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.