The Walt Disney Company (NYSE:DIS) Stake Boosted by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its stake in The Walt Disney Company (NYSE:DIS) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,843,125 shares of the entertainment giant’s stock after purchasing an additional 133,600 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Walt Disney were worth $205,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Syon Capital LLC lifted its stake in Walt Disney by 38.2% in the fourth quarter. Syon Capital LLC now owns 8,586 shares of the entertainment giant’s stock valued at $956,000 after buying an additional 2,373 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Walt Disney by 163.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 13,580 shares of the entertainment giant’s stock valued at $1,505,000 after purchasing an additional 8,434 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Walt Disney by 49.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 52,500 shares of the entertainment giant’s stock valued at $5,846,000 after purchasing an additional 17,349 shares during the period. MGO One Seven LLC grew its position in Walt Disney by 10.7% in the 4th quarter. MGO One Seven LLC now owns 48,663 shares of the entertainment giant’s stock worth $5,419,000 after purchasing an additional 4,710 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Walt Disney by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,136,276 shares of the entertainment giant’s stock valued at $1,240,025,000 after purchasing an additional 192,871 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of several analyst reports. UBS Group reduced their price objective on Walt Disney from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research note on Tuesday. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.75.

Walt Disney Price Performance

NYSE DIS opened at $86.19 on Wednesday. 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 1 year low of $80.10 and a 1 year high of $118.63. The company has a market cap of $155.81 billion, a PE ratio of 28.08, a PEG ratio of 1.80 and a beta of 1.44. The stock’s 50-day moving average price is $98.26 and its two-hundred day moving average price is $104.32.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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, 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.