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

Acadian Asset Management LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 34.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,178 shares of the entertainment giant’s stock after purchasing an additional 35,150 shares during the period. Acadian Asset Management LLC’s holdings in Walt Disney were worth $17,004,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter worth about $26,000. DiNuzzo Private Wealth Inc. boosted its position in 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. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $37,000. RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Walt Disney in the 1st quarter valued at about $53,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 2.4%

NYSE DIS opened at $114.93 on Wednesday. The stock has a market cap of $206.64 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.45 and a beta of 1.55. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50 day moving average price is $113.26 and its two-hundred day moving average price is $114.33.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIS. UBS Group lifted their price target on shares of Walt Disney from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Morgan Stanley raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Jefferies Financial Group downgraded shares of Walt Disney from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on Walt Disney from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $132.90.

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.