7,152 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,152 shares of the entertainment giant's stock, valued at approximately $775,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Walt Disney during the 4th quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its position in Walt Disney by 75.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after purchasing an additional 4,680,930 shares in the last quarter. Jennison Associates LLC grew its holdings in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $350,707,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Down 0.4 %

DIS stock traded down $0.31 during midday trading on Friday, hitting $84.92. The company's stock had a trading volume of 10,193,577 shares, compared to its average volume of 10,003,552. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The firm has a 50-day simple moving average of $101.83 and a 200-day simple moving average of $104.75. 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 firm has a market capitalization of $153.52 billion, a P/E ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last issued its 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%. As a group, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. The Goldman Sachs Group increased their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and raised their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.13.

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.