Aigen Investment Management LP Makes New Investment in The Walt Disney Company (NYSE:DIS)

Aigen Investment Management LP bought a new stake in The Walt Disney Company (NYSE:DIS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,780 shares of the entertainment giant’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of Walt Disney by 3,332.4% in the first quarter. Capital World Investors now owns 6,267,593 shares of the entertainment giant’s stock worth $766,903,000 after purchasing an additional 6,084,993 shares during the last quarter. Swedbank AB purchased a new position in Walt Disney during the 1st quarter worth approximately $493,715,000. Farallon Capital Management LLC acquired a new stake in Walt Disney during the 2nd quarter valued at approximately $355,673,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Walt Disney in the 1st quarter valued at $425,567,000. Finally, International Assets Investment Management LLC increased its stake in shares of Walt Disney by 12,574.4% in the third quarter. International Assets Investment Management LLC now owns 3,426,393 shares of the entertainment giant’s stock worth $329,585,000 after acquiring an additional 3,399,359 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 5.4 %

Shares of Walt Disney stock opened at $115.06 on Friday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50 day moving average of $95.03 and a 200 day moving average of $96.77. The company has a market capitalization of $208.67 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.67 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DIS. Piper Sandler initiated coverage on Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lowered their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Evercore ISI raised their target price on Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Bank of America upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

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.