Great Lakes Retirement Inc. Takes Position in Walt Disney Co (NYSE:DIS)

Great Lakes Retirement Inc. bought a new stake in Walt Disney Co (NYSE:DIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,955 shares of the entertainment giant’s stock, valued at approximately $1,143,000.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its position in Walt Disney by 2.0% during the third quarter. State Street Corp now owns 74,553,147 shares of the entertainment giant’s stock valued at $9,715,766,000 after buying an additional 1,431,054 shares during the period. Charles Schwab Investment Management Inc. grew its position in Walt Disney by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock valued at $1,196,059,000 after buying an additional 100,637 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Walt Disney by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,256,280 shares of the entertainment giant’s stock valued at $1,049,476,000 after buying an additional 135,845 shares during the period. Parnassus Investments CA grew its position in Walt Disney by 1.2% during the fourth quarter. Parnassus Investments CA now owns 7,031,692 shares of the entertainment giant’s stock valued at $1,016,993,000 after buying an additional 85,048 shares during the period. Finally, Eaton Vance Management boosted its position in Walt Disney by 0.3% during the fourth quarter. Eaton Vance Management now owns 6,895,260 shares of the entertainment giant’s stock worth $996,849,000 after purchasing an additional 20,473 shares during the period. Institutional investors own 64.69% of the company’s stock.

A number of equities analysts have weighed in on the stock. TheStreet lowered shares of Walt Disney from a “b-” rating to a “c+” rating in a research report on Thursday, March 12th. Sanford C. Bernstein cut their price objective on shares of Walt Disney from $141.00 to $119.00 and set a “market perform” rating for the company in a research report on Tuesday, March 10th. Loop Capital cut their price objective on shares of Walt Disney from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 9th. UBS Group raised their price objective on shares of Walt Disney from $155.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Moffett Nathanson restated a “buy” rating and issued a $165.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $148.59.

DIS traded up $2.34 on Wednesday, reaching $100.46. The company had a trading volume of 8,740,245 shares, compared to its average volume of 28,847,468. The business has a 50 day simple moving average of $121.26 and a 200 day simple moving average of $135.16. The company has a market cap of $177.15 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.75 and a current ratio of 0.80. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. The business had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.84 billion. Walt Disney had a net margin of 13.81% and a return on equity of 10.23%. Walt Disney’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. As a group, equities research analysts predict that Walt Disney Co will post 4.82 EPS for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Featured Article: Stock Split

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.