Kazazian Asset Management LLC Acquires Shares of 196,885 The Walt Disney Company (NYSE:DIS)

Kazazian Asset Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 196,885 shares of the entertainment giant’s stock, valued at approximately $21,923,000. Walt Disney makes up approximately 16.8% of Kazazian Asset Management LLC’s holdings, making the stock its largest position.

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

Walt Disney Trading Down 0.0 %

Shares of NYSE:DIS opened at $99.33 on Wednesday. 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 is $108.63 and its two-hundred day moving average is $104.58. 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 company has a market cap of $179.56 billion, a PE ratio of 32.35, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Equities analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIS. Jefferies Financial Group began coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. Macquarie restated a “neutral” rating and set a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average 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.