LPL Financial LLC Purchases 89,796 Shares of The Walt Disney Company (NYSE:DIS)

LPL Financial LLC increased its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,911,722 shares of the entertainment giant's stock after buying an additional 89,796 shares during the quarter. LPL Financial LLC owned about 0.11% of Walt Disney worth $212,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Jennison Associates LLC grew its holdings in shares of 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 acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new position in Walt Disney in the fourth quarter worth about $358,151,000. Boston Partners bought a new stake in shares of Walt Disney during the 4th quarter valued at about $350,707,000. FMR LLC increased its position in shares of Walt Disney by 8.7% during the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after purchasing an additional 2,300,912 shares during the period. Institutional investors own 65.71% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie restated a "neutral" rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price on the stock. Finally, Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.64.

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Walt Disney Price Performance

Walt Disney stock traded up $1.43 during mid-day trading on Tuesday, reaching $101.61. 4,630,050 shares of the company's stock traded hands, compared to its average volume of 9,539,415. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. 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 50 day moving average of $107.89 and a two-hundred day moving average of $104.86. The company has a market cap of $183.69 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.80 and a beta of 1.41.

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 (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.