The Walt Disney Company (NYSE:DIS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in The Walt Disney Company (NYSE:DIS - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,963,216 shares of the entertainment giant's stock after purchasing an additional 282,760 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Walt Disney worth $441,304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in Walt Disney during the fourth quarter valued at $28,000. Tacita Capital Inc raised its position 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 valued at $29,000 after buying an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the 4th quarter worth $32,000. Midwest Capital Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney in the 4th quarter valued at about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS traded up $9.97 during trading on Wednesday, hitting $91.69. The company's stock had a trading volume of 24,953,423 shares, compared to its average volume of 9,950,661. 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 capitalization of $165.76 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. The business's fifty day simple moving average is $102.98 and its 200 day simple moving average is $104.86.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley increased their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Rosenblatt Securities reissued a "buy" rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.75.

About Walt Disney

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.