Bradyco Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,420 shares of the entertainment giant's stock, valued at approximately $3,495,000. Walt Disney accounts for about 2.5% of Bradyco Inc.'s portfolio, making the stock its 9th biggest holding.
A number of other hedge funds have also bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc increased its holdings 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 bought a new position in Walt Disney in the 4th quarter valued at about $34,000. Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney in the fourth quarter valued at approximately $39,000. 65.71% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, November 15th. TD Cowen lifted their target price on Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Macquarie reaffirmed a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, Bank of America boosted their target price 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $125.64.
Get Our Latest Stock Report on Walt Disney
Insiders Place Their Bets
In related news, EVP Brent Woodford sold 8,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,054,870.70. This represents a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company's stock.
Walt Disney Stock Up 0.1 %
DIS stock traded up $0.15 during trading on Friday, reaching $105.58. 12,714,283 shares of the stock were exchanged, compared to its average volume of 9,538,860. The firm's 50 day moving average is $110.30 and its 200 day moving average is $104.16. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $190.87 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.
Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.
Walt Disney Company 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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