Grant Private Wealth Management Inc purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,856 shares of the entertainment giant's stock, valued at approximately $652,000.
A number of other hedge funds also recently modified their holdings of DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at $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 acquired a new position in shares of Walt Disney in the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth about $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $39,000. Institutional investors own 65.71% of the company's stock.
Walt Disney Trading Down 9.4 %
NYSE:DIS traded down $9.21 on Thursday, hitting $88.67. 19,326,386 shares of the stock were exchanged, compared to its average volume of 9,768,674. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $120.19. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 1.80 and a beta of 1.44. The company's 50-day moving average price is $106.26 and its 200 day moving average price is $105.26.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly 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 net margin of 6.07% and a return on equity of 9.95%. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.
Wall Street Analysts Forecast Growth
DIS has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Citigroup restated a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.33.
Read Our Latest Report on Walt Disney
Walt Disney 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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