Modern Wealth Management LLC increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,498 shares of the entertainment giant's stock after acquiring an additional 2,909 shares during the period. Modern Wealth Management LLC's holdings in Walt Disney were worth $1,694,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Farmers Trust Co. increased its position in shares of Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock valued at $945,000 after purchasing an additional 92 shares during the period. Pathway Financial Advisors LLC raised its position in Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after acquiring an additional 92 shares in the last quarter. Prossimo Advisors LLC lifted its holdings in Walt Disney by 1.1% in the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock valued at $972,000 after acquiring an additional 92 shares during the last quarter. Saxon Interests Inc. boosted its position in shares of Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock valued at $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC grew its stake in shares of Walt Disney by 2.0% in the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Stock Down 2.4 %
DIS stock traded down $2.43 during trading hours on Friday, hitting $98.02. The company's stock had a trading volume of 7,677,544 shares, compared to its average volume of 9,806,698. The stock has a 50 day moving average price of $107.31 and a two-hundred day moving average price of $105.07. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69. The company has a market capitalization of $177.19 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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 expect that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analysts Set New Price Targets
DIS has been the subject of several recent research reports. Prescient Securities cut their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Citigroup restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.64.
Read Our Latest Analysis on Walt Disney
About Walt Disney
(
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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