First Trust Advisors LP Has $40.78 Million Holdings in The Walt Disney Company (NYSE:DIS)

First Trust Advisors LP grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 349.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 366,221 shares of the entertainment giant's stock after acquiring an additional 284,761 shares during the quarter. First Trust Advisors LP's holdings in Walt Disney were worth $40,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc grew its stake in Walt Disney by 93.2% in 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. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney in the fourth quarter worth $32,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter valued at $35,000. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 0.2 %

Shares of DIS stock traded up $0.22 during mid-day trading on Friday, hitting $90.23. 7,747,097 shares of the company's stock were exchanged, compared to its average volume of 10,112,719. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The stock has a 50-day simple moving average of $97.01 and a two-hundred day simple moving average of $104.17. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $163.12 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.80 and a beta of 1.44.

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 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%. Equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research analyst reports. Barclays cut their target price on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Tuesday. Finally, UBS Group cut their target price on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and an average target price of $123.75.

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.