Pictet Asset Management Holding SA Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Pictet Asset Management Holding SA increased its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,626,483 shares of the entertainment giant’s stock after buying an additional 42,554 shares during the quarter. Pictet Asset Management Holding SA owned about 0.09% of Walt Disney worth $181,109,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in Walt Disney in the 4th quarter valued at $2,415,427,000. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after buying an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth about $358,151,000. Boston Partners acquired a new position in Walt Disney in the 4th quarter valued at about $350,707,000. Finally, Bank of New York Mellon Corp raised its stake in Walt Disney by 15.5% during 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 acquiring an additional 2,300,912 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Down 2.4 %

Shares of NYSE DIS opened at $98.02 on Friday. The firm’s 50-day moving average is $107.31 and its two-hundred day moving average is $104.96. The company has a market capitalization of $177.19 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

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

Analyst Upgrades and Downgrades

DIS has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently 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.