Contrarius Group Holdings Ltd Makes New Investment in The Walt Disney Company (NYSE:DIS)

Contrarius Group Holdings Ltd purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 30,193 shares of the entertainment giant’s stock, valued at approximately $3,362,000.

A number of other large investors have also recently bought and sold shares of the business. iA Global Asset Management Inc. grew its holdings in Walt Disney by 8.2% during the 4th quarter. iA Global Asset Management Inc. now owns 4,919 shares of the entertainment giant’s stock worth $548,000 after acquiring an additional 373 shares during the period. Wilkins Investment Counsel Inc. grew its holdings in Walt Disney by 11.0% during the 4th quarter. Wilkins Investment Counsel Inc. now owns 58,632 shares of the entertainment giant’s stock worth $6,529,000 after acquiring an additional 5,809 shares during the period. Teacher Retirement System of Texas grew its holdings in Walt Disney by 83.6% during the 4th quarter. Teacher Retirement System of Texas now owns 405,676 shares of the entertainment giant’s stock worth $45,172,000 after acquiring an additional 184,716 shares during the period. Strategic Financial Services Inc. grew its holdings in Walt Disney by 21.5% during the 4th quarter. Strategic Financial Services Inc. now owns 3,082 shares of the entertainment giant’s stock worth $343,000 after acquiring an additional 546 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in shares of Walt Disney by 1.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 797,512 shares of the entertainment giant’s stock valued at $88,803,000 after buying an additional 8,462 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Walt Disney stock opened at $100.33 on Thursday. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company’s 50 day moving average price is $108.45 and its two-hundred day moving average price is $104.65. 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 stock has a market cap of $181.38 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.80 and a beta of 1.41.

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 net margin of 6.07% and a return on equity of 9.95%. On average, equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on DIS. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.