Heritage Trust Co bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,595 shares of the entertainment giant's stock, valued at approximately $3,518,000.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership raised its position 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 valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the last quarter. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. Finally, Boston Partners acquired a new stake in shares of Walt Disney in the fourth quarter valued at $350,707,000. Institutional investors own 65.71% of the company's stock.
Walt Disney Trading Up 1.1 %
Shares of DIS traded up $0.91 during trading hours on Tuesday, reaching $85.57. The stock had a trading volume of 3,289,429 shares, compared to its average volume of 9,972,664. The firm has a 50-day moving average of $101.31 and a 200 day moving average of $104.75. 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 company has a market cap of $154.69 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on DIS shares. Prescient Securities reduced their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Citigroup reissued a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays lowered their target price 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. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.48.
Read Our Latest Analysis on DIS
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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