The Walt Disney Company (NYSE:DIS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 216,293 shares of the entertainment giant’s stock after acquiring an additional 3,380 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Walt Disney were worth $24,084,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DIS. AdvisorNet Financial Inc boosted its holdings in shares of Walt Disney by 19.0% in the fourth quarter. AdvisorNet Financial Inc now owns 6,426 shares of the entertainment giant’s stock valued at $716,000 after acquiring an additional 1,024 shares in the last quarter. FNY Investment Advisers LLC lifted its position in Walt Disney by 778.4% in the fourth quarter. FNY Investment Advisers LLC now owns 1,300 shares of the entertainment giant’s stock valued at $144,000 after purchasing an additional 1,152 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Walt Disney by 24.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,265 shares of the entertainment giant’s stock valued at $141,000 after purchasing an additional 247 shares in the last quarter. Accurate Wealth Management LLC increased its position in Walt Disney by 12.4% during the 4th quarter. Accurate Wealth Management LLC now owns 4,247 shares of the entertainment giant’s stock worth $461,000 after purchasing an additional 467 shares during the period. Finally, Pines Wealth Management LLC purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $625,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $112.32 on Thursday. The stock has a market capitalization of $201.92 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. 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 firm’s 50-day moving average is $94.14 and its two-hundred day moving average is $104.49.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Walt Disney’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Loop Capital boosted their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.54.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares of the company’s stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.16% of the company’s stock.

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.