Point72 Asia Singapore Pte. Ltd. Buys New Stake in The Walt Disney Company (NYSE:DIS)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 22,606 shares of the entertainment giant’s stock, valued at approximately $2,517,000.

A number of other institutional investors also recently added to or reduced their stakes in DIS. Point72 Europe London LLP bought a new position in shares of Walt Disney during the 4th quarter worth approximately $2,439,000. Polar Asset Management Partners Inc. raised its stake in Walt Disney by 60.9% during the fourth quarter. Polar Asset Management Partners Inc. now owns 135,828 shares of the entertainment giant’s stock worth $15,124,000 after acquiring an additional 51,428 shares in the last quarter. ProShare Advisors LLC raised its stake in Walt Disney by 25.0% during the fourth quarter. ProShare Advisors LLC now owns 410,836 shares of the entertainment giant’s stock worth $45,747,000 after acquiring an additional 82,083 shares in the last quarter. Prodigy Asset Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $297,000. Finally, Quadcap Wealth Management LLC boosted its stake in shares of Walt Disney by 14.7% in the 4th quarter. Quadcap Wealth Management LLC now owns 6,478 shares of the entertainment giant’s stock valued at $721,000 after purchasing an additional 832 shares in the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.8%

Shares of NYSE:DIS opened at $112.32 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $201.92 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a 50 day moving average of $94.14 and a 200-day moving average of $104.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analysts’ expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Loop Capital raised their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Monday, April 21st. Guggenheim reduced their target price on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Insider Transactions at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president now owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney 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.