Payden & Rygel Has $13.13 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Payden & Rygel raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,930 shares of the entertainment giant’s stock after purchasing an additional 41,700 shares during the period. Payden & Rygel’s holdings in Walt Disney were worth $13,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter worth $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter valued at about $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the fourth quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $83.52 on Friday. The company has a market cap of $150.99 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm has a 50-day moving average of $105.68 and a 200-day moving average of $105.11. The Walt Disney Company has a one year low of $83.08 and a one year high of $118.86. 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 quarterly earnings results 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 return on equity of 9.95% and a net margin of 6.07%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Citigroup reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Loop Capital raised their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.33.

Walt Disney Company 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.