Intech Investment Management LLC Purchases 324,684 Shares of The Walt Disney Company (NYSE:DIS)

Intech Investment Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 176.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 508,688 shares of the entertainment giant’s stock after buying an additional 324,684 shares during the quarter. Walt Disney makes up 0.5% of Intech Investment Management LLC’s investment portfolio, making the stock its 26th largest holding. Intech Investment Management LLC’s holdings in Walt Disney were worth $48,931,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC lifted its position in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares during the last quarter. Connable Office Inc. lifted its holdings in Walt Disney by 0.3% in the third quarter. Connable Office Inc. now owns 35,048 shares of the entertainment giant’s stock valued at $3,371,000 after acquiring an additional 108 shares during the period. ADE LLC lifted its holdings in Walt Disney by 4.6% in the second quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after acquiring an additional 110 shares during the period. Cozad Asset Management Inc. lifted its holdings in Walt Disney by 1.9% in the third quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after acquiring an additional 110 shares during the period. Finally, Absher Wealth Management LLC raised its stake in shares of Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock worth $1,360,000 after buying an additional 111 shares during the period. 65.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Evercore ISI increased their price target on Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday. Raymond James restated a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.83.

Walt Disney Trading Up 1.6 %

Shares of DIS opened at $114.27 on Thursday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $206.94 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 2.09 and a beta of 1.40. The stock’s 50-day moving average price is $97.07 and its 200 day moving average price is $96.72.

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.