NewEdge Advisors LLC Has $14 Million Stake in The Walt Disney Company (NYSE:DIS)

NewEdge Advisors LLC increased its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,760 shares of the entertainment giant's stock after purchasing an additional 24,445 shares during the period. NewEdge Advisors LLC's holdings in Walt Disney were worth $14,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after buying an additional 809,989 shares during the last quarter. Norges Bank acquired a new position in Walt Disney during the fourth quarter valued at approximately $2,415,427,000. Jennison Associates LLC increased its position in shares of Walt Disney by 23.4% during the 4th 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 during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 valued at $1,904,563,000 after buying an additional 2,300,912 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Walt Disney by 75.8% during the fourth 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 last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Price Performance

NYSE:DIS traded up $1.81 on Tuesday, hitting $85.81. The company had a trading volume of 2,185,135 shares, compared to its average volume of 9,859,287. The firm has a 50 day moving average of $98.73 and a two-hundred day moving average of $104.38. The stock has a market capitalization of $155.13 billion, a price-to-earnings ratio of 27.94, a PEG 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. The company has a current ratio of 0.68, a quick ratio of 0.62 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 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, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on DIS. Barclays lowered their price objective on shares of Walt Disney from $125.00 to $115.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday. UBS Group decreased their price objective on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley upped their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Six 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.75.

About Walt Disney

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.