Grant Private Wealth Management Inc bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,856 shares of the entertainment giant's stock, valued at approximately $652,000.
A number of other institutional investors have also recently made changes to their positions in DIS. Norges Bank purchased a new position in shares of Walt Disney in the fourth quarter worth about $2,415,427,000. Arrowstreet Capital Limited Partnership boosted its holdings in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after buying an additional 4,680,930 shares during the period. Jennison Associates LLC grew its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after buying an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Walt Disney during the 4th quarter valued at $358,151,000. Finally, Boston Partners purchased a new stake in shares of Walt Disney during the fourth quarter worth $350,707,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Trading Down 6.0 %
NYSE:DIS traded down $5.32 during trading hours on Friday, reaching $83.52. The company's stock had a trading volume of 22,563,462 shares, compared to its average volume of 9,804,259. The firm has a 50-day simple moving average of $105.68 and a 200-day simple moving average of $105.20. 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 1 year low of $83.08 and a 1 year high of $118.63. The firm has a market capitalization of $150.99 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.80 and a beta of 1.44.
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 analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DIS. The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Finally, Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Six research 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.33.
Check Out Our Latest Analysis 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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