554,041 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 554,041 shares of the entertainment giant’s stock, valued at approximately $61,387,000. Walt Disney comprises about 0.9% of Raiffeisen Bank International AG’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Walt Disney by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant’s stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Northern Trust Corp lifted its position in Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant’s stock worth $2,476,693,000 after acquiring an additional 2,096,431 shares during the period. Norges Bank purchased a new stake in Walt Disney during the 4th quarter valued at about $2,415,427,000. Jennison Associates LLC grew its stake in Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. Citigroup reaffirmed a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Insiders Place Their Bets

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Walt Disney Stock Performance

NYSE DIS opened at $112.32 on Thursday. The stock has a market capitalization of $201.92 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.80 and a beta of 1.49. The stock has a 50-day moving average of $94.14 and a 200 day moving average of $104.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.