The Walt Disney Company $DIS Shares Purchased by Acadian Asset Management LLC

by · The Cerbat Gem

Acadian Asset Management LLC boosted its position in The Walt Disney Company (NYSE:DIS – Free Report) by 1,989.9% during the 1st quarter, Holdings Channel reports. The fund owned 102,028 shares of the entertainment giant’s stock after acquiring an additional 97,146 shares during the quarter. Acadian Asset Management LLC’s holdings in Walt Disney were worth $10,063,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Clearstead Trust LLC increased its stake in Walt Disney by 0.6% in the first quarter. Clearstead Trust LLC now owns 16,509 shares of the entertainment giant’s stock valued at $1,629,000 after purchasing an additional 99 shares during the last quarter. Aspen Investment Management Inc increased its stake in Walt Disney by 3.5% in the first quarter. Aspen Investment Management Inc now owns 2,938 shares of the entertainment giant’s stock valued at $290,000 after purchasing an additional 100 shares during the last quarter. Hemington Wealth Management increased its stake in Walt Disney by 1.9% in the first quarter. Hemington Wealth Management now owns 5,628 shares of the entertainment giant’s stock valued at $555,000 after purchasing an additional 105 shares during the last quarter. Leigh Baldwin & CO. LLC increased its stake in Walt Disney by 2.2% in the first quarter. Leigh Baldwin & CO. LLC now owns 4,994 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 108 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in Walt Disney by 0.4% in the first quarter. Resonant Capital Advisors LLC now owns 26,119 shares of the entertainment giant’s stock valued at $2,578,000 after purchasing an additional 113 shares during the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Performance

Shares of DIS opened at $116.02 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a market cap of $208.60 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company’s 50 day simple moving average is $118.34 and its 200-day simple moving average is $109.03. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.

Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion for the quarter, compared to analyst estimates of $23.69 billion. During the same period last year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the topic of several recent analyst reports. Loop Capital increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Stephens reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 11th. Raymond James Financial restated a “neutral” rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI raised their target price on shares of Walt Disney from $134.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.18.

Check Out Our Latest Stock Analysis on DIS

About Walt Disney

(Free Report)

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.

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