Taikang Asset Management Hong Kong Co Ltd Decreases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Taikang Asset Management Hong Kong Co Ltd lessened its stake in The Walt Disney Company (NYSE:DIS) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the entertainment giant’s stock after selling 7,500 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Walt Disney were worth $3,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its position 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 in the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney during the 4th quarter worth $39,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DIS shares. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Performance

NYSE DIS opened at $100.24 on Tuesday. The stock has a market capitalization of $181.21 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.80 and a beta of 1.41. The stock has a 50-day moving average of $107.89 and a 200 day moving average of $104.86. 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 twelve month low of $83.91 and a twelve month high of $123.74.

Walt Disney (NYSE:DIS) last announced 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%. Sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS 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.