Advisors Capital Management LLC Grows Holdings in The Walt Disney Company (NYSE:DIS)

Advisors Capital Management LLC lifted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,461 shares of the entertainment giant's stock after purchasing an additional 4,292 shares during the quarter. Advisors Capital Management LLC's holdings in Walt Disney were worth $45,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Walt Disney in the 4th quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $1,209,050,000 after buying an additional 4,680,930 shares during the last quarter. Jennison Associates LLC raised its position 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 worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Walt Disney during the 4th quarter worth $358,151,000. Finally, Boston Partners bought a new stake in shares of Walt Disney during the 4th quarter valued at $350,707,000. 65.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Barclays lowered their price target on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and a consensus price target of $124.48.

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Walt Disney Stock Up 0.4 %

NYSE DIS traded up $0.34 during midday trading on Tuesday, hitting $85.00. 7,828,411 shares of the company traded hands, compared to its average volume of 9,991,097. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company's 50-day simple moving average is $101.31 and its 200-day simple moving average is $104.75. The company has a market cap of $153.67 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney 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.