Allstate Corp Takes $6 Million Position in The Walt Disney Company (NYSE:DIS)

Allstate Corp acquired a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 53,911 shares of the entertainment giant’s stock, valued at approximately $6,003,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after buying an additional 490,681 shares in the last quarter. Geode Capital Management LLC grew its position in Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after acquiring an additional 1,393,082 shares during the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter worth about $2,415,427,000. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Walt Disney by 15.5% in the 4th 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 in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS opened at $98.02 on Friday. The firm has a market capitalization of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s 50-day moving average price is $107.31 and its 200-day moving average price is $104.96. 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 1-year low of $83.91 and a 1-year high of $123.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DIS shares. Loop Capital raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Prescient Securities reduced their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Finally, Macquarie reiterated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Six investment 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 data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

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.