Fairfield Bush & CO. Acquires New Shares in The Walt Disney Company (NYSE:DIS)

Fairfield Bush & CO. 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 5,610 shares of the entertainment giant's stock, valued at approximately $625,000.

A number of other institutional investors also recently modified their holdings of the business. Morse Asset Management Inc increased its holdings in Walt Disney by 17.5% in the 3rd quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant's stock worth $2,055,000 after acquiring an additional 3,185 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in shares of Walt Disney by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant's stock valued at $3,551,000 after purchasing an additional 8,180 shares in the last quarter. Saratoga Research & Investment Management raised its holdings in Walt Disney by 18.8% in the 3rd quarter. Saratoga Research & Investment Management now owns 1,536,008 shares of the entertainment giant's stock worth $147,749,000 after acquiring an additional 242,675 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of Walt Disney during the 3rd quarter valued at $660,000. Finally, Boyar Asset Management Inc. lifted its position in Walt Disney by 1.7% during the third quarter. Boyar Asset Management Inc. now owns 33,280 shares of the entertainment giant's stock valued at $3,201,000 after purchasing an additional 551 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup reaffirmed a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and lifted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Loop Capital raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Barclays dropped their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Trading Down 1.5 %

Shares of Walt Disney stock traded down $1.28 during trading hours on Monday, reaching $83.53. 4,490,660 shares of the company's stock were exchanged, compared to its average volume of 10,013,697. 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 capitalization of $151.00 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. 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 company has a fifty day moving average of $99.24 and a 200-day moving average of $104.45.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.