Meriwether Wealth & Planning LLC purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,192 shares of the entertainment giant's stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. FPC Investment Advisory Inc. purchased a new position in Walt Disney in the 4th quarter valued at approximately $28,000. Tacita Capital Inc boosted its position in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after buying an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $35,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Insider Activity
In other news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now owns 44,055 shares of the company's stock, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.16% of the company's stock.
Walt Disney Stock Up 0.1 %
Shares of NYSE DIS opened at $105.58 on Monday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market capitalization of $190.87 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm's 50-day moving average is $110.30 and its two-hundred day moving average is $104.16.
Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently issued reports on DIS. Macquarie reaffirmed a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Citigroup reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Bank of America lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.64.
Read Our Latest Report on DIS
Walt Disney Profile
(
Free Report)
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.
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