Picton Mahoney Asset Management Purchases New Holdings in The Walt Disney Company (NYSE:DIS)

Picton Mahoney Asset Management purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,356 shares of the entertainment giant’s stock, valued at approximately $11,175,000.

Other hedge funds have also made changes to their positions in the company. Impax Asset Management Group plc lifted its position in Walt Disney by 4.5% in the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock worth $61,948,000 after buying an additional 27,806 shares in the last quarter. United Bank increased its stake in shares of Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Walt Disney by 44.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,363 shares of the entertainment giant’s stock worth $1,285,000 after purchasing an additional 4,139 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Walt Disney during the 3rd quarter worth $267,000. Finally, Lifeworks Advisors LLC increased its stake in shares of Walt Disney by 8.7% during the 3rd quarter. Lifeworks Advisors LLC now owns 5,898 shares of the entertainment giant’s stock worth $567,000 after purchasing an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DIS shares. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Citigroup restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. TD Cowen increased their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

NYSE:DIS opened at $98.73 on Friday. The company has a 50-day moving average of $109.10 and a 200-day moving average of $104.27. The company has a market capitalization of $178.48 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share 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.