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

Taikang Asset Management Hong Kong Co Ltd lowered its position in The Walt Disney Company (NYSE:DIS) by 19.0% during the fourth quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc lifted its stake in Walt Disney by 93.2% in the 4th 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 acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

NYSE:DIS opened at $100.24 on Tuesday. The company has a market cap of $181.21 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a fifty day simple moving average of $107.89 and a two-hundred day simple moving average of $104.86.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Citigroup reissued a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.