Candriam S.C.A. Acquires 70,392 Shares of The Walt Disney Company $DIS

Candriam S.C.A. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 21.7% in the second quarter, HoldingsChannel.com reports. The fund owned 394,172 shares of the entertainment giant’s stock after acquiring an additional 70,392 shares during the period. Candriam S.C.A.’s holdings in Walt Disney were worth $48,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. raised its stake in shares of Walt Disney by 82.5% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Walt Disney during the first quarter valued at about $26,000. Harbor Asset Planning Inc. purchased a new stake in Walt Disney during the second quarter worth about $37,000. RMG Wealth Management LLC bought a new stake in Walt Disney in the second quarter worth about $49,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walt Disney in the second quarter worth about $53,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Tuesday, September 23rd. Jefferies Financial Group downgraded Walt Disney from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Chardan Capital reissued a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley increased their price target on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

Walt Disney Stock Up 1.7%

Shares of NYSE DIS opened at $116.79 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $209.99 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The business has a 50-day simple moving average of $113.25 and a two-hundred day simple moving average of $114.34.

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.