Dana Investment Advisors Inc. lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 339.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,800 shares of the entertainment giant's stock after acquiring an additional 48,505 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Walt Disney were worth $6,993,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. FPC Investment Advisory Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $39,000. Institutional investors own 65.71% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on DIS. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $115.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Finally, Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.64.
Get Our Latest Report on DIS
Insider Activity
In related news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.
Walt Disney Stock Up 0.3 %
DIS stock opened at $109.29 on Thursday. 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 stock has a market capitalization of $197.58 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.80 and a beta of 1.41. The business has a 50-day moving average of $110.56 and a 200-day moving average of $103.94. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.
Further Reading
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