Applied Finance Capital Management LLC Acquires 12,249 Shares of The Walt Disney Company (NYSE:DIS)

Applied Finance Capital Management LLC raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 451,523 shares of the entertainment giant's stock after purchasing an additional 12,249 shares during the quarter. Walt Disney comprises 2.2% of Applied Finance Capital Management LLC's portfolio, making the stock its 13th largest holding. Applied Finance Capital Management LLC's holdings in Walt Disney were worth $50,277,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trek Financial LLC lifted its holdings in shares of Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after purchasing an additional 30,057 shares during the last quarter. Brookstone Capital Management lifted its stake in Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant's stock valued at $15,687,000 after buying an additional 13,339 shares in the last quarter. Greystone Financial Group LLC boosted its holdings in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant's stock worth $9,486,000 after buying an additional 9,967 shares during the period. Avanza Fonder AB purchased a new position in shares of Walt Disney in the fourth quarter worth approximately $15,125,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Macquarie reiterated a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Barclays dropped their price target on Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Prescient Securities dropped their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Citigroup restated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Six 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.13.

Walt Disney Stock Performance

Shares of Walt Disney stock traded down $0.31 during trading on Friday, reaching $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 market cap of $153.52 billion, a PE ratio of 27.66, a P/E/G ratio of 1.80 and a beta of 1.44. The business's 50-day moving average price is $101.83 and its 200-day moving average price is $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.

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 (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%. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.