ExodusPoint Capital Management LP Invests $28.08 Million in The Walt Disney Company (NYSE:DIS)

ExodusPoint Capital Management LP purchased a new position in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 252,186 shares of the entertainment giant’s stock, valued at approximately $28,081,000.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management lifted its position in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after buying an additional 13,339 shares during the last quarter. Greystone Financial Group LLC lifted its holdings in Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after acquiring an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new position in Walt Disney in the fourth quarter valued at approximately $15,125,000. Swedbank AB grew its holdings in shares of Walt Disney by 14.4% during the fourth quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock valued at $374,336,000 after purchasing an additional 422,339 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney during the 4th quarter worth approximately $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

NYSE DIS opened at $97.92 on Thursday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69. The business’s fifty day moving average is $106.70 and its two-hundred day moving average is $105.37. The stock has a market capitalization of $177.02 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

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, 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%. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective for the company. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.