Jupiter Asset Management Ltd. Buys 1,115,700 Shares of The Walt Disney Company $DIS

Jupiter Asset Management Ltd. raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 1,158.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,212,028 shares of the entertainment giant’s stock after buying an additional 1,115,700 shares during the period. Walt Disney comprises about 1.2% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 10th biggest holding. Jupiter Asset Management Ltd.’s holdings in Walt Disney were worth $138,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd boosted its position in Walt Disney by 21.9% during the third quarter. Y.D. More Investments Ltd now owns 524 shares of the entertainment giant’s stock valued at $60,000 after purchasing an additional 94 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Walt Disney by 6.1% during the 3rd quarter. Clear Creek Financial Management LLC now owns 8,417 shares of the entertainment giant’s stock valued at $964,000 after buying an additional 487 shares during the last quarter. Cumberland Partners Ltd grew its stake in shares of Walt Disney by 189.0% in the 3rd quarter. Cumberland Partners Ltd now owns 65,088 shares of the entertainment giant’s stock valued at $7,453,000 after buying an additional 42,570 shares in the last quarter. CFO4Life Group LLC increased its holdings in Walt Disney by 1.2% in the third quarter. CFO4Life Group LLC now owns 7,894 shares of the entertainment giant’s stock worth $904,000 after buying an additional 92 shares during the last quarter. Finally, Collaborative Wealth Managment Inc. raised its position in Walt Disney by 12.8% during the third quarter. Collaborative Wealth Managment Inc. now owns 2,633 shares of the entertainment giant’s stock valued at $301,000 after acquiring an additional 298 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIS has been the subject of several recent research reports. Arete Research raised shares of Walt Disney to a “strong sell” rating in a research report on Tuesday, October 28th. Barclays reissued an “overweight” rating on shares of Walt Disney in a research report on Monday, February 2nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Friday, November 14th. Wells Fargo & Company lowered their price objective on Walt Disney from $152.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $151.00 target price on shares of Walt Disney in a report on Monday, February 2nd. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.80.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $106.01 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a market cap of $187.80 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.46 and a beta of 1.43. The business’s 50 day moving average is $110.84 and its two-hundred day moving average is $111.83. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS) last announced its earnings results on Monday, February 2nd. The entertainment giant reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.06. Walt Disney had a net margin of 12.80% and a return on equity of 8.90%. The business had revenue of $25.98 billion for the quarter, compared to analyst estimates of $25.54 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Walt Disney’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Walt Disney Company Profile

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.