Optimize Financial Inc bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,037 shares of the entertainment giant's stock, valued at approximately $1,229,000. Walt Disney comprises about 0.9% of Optimize Financial Inc's investment portfolio, making the stock its 28th largest holding.
A number of other hedge funds have also bought and sold shares of DIS. Townsquare Capital LLC boosted its position in Walt Disney by 6.9% in the fourth quarter. Townsquare Capital LLC now owns 205,951 shares of the entertainment giant's stock valued at $22,933,000 after buying an additional 13,232 shares during the last quarter. Crux Wealth Advisors acquired a new position in Walt Disney during the fourth quarter valued at $665,000. Keyes Stange & Wooten Wealth Management LLC boosted its holdings in Walt Disney by 18.6% in the fourth quarter. Keyes Stange & Wooten Wealth Management LLC now owns 5,455 shares of the entertainment giant's stock valued at $607,000 after purchasing an additional 857 shares during the last quarter. Nicolet Bankshares Inc. grew its position in Walt Disney by 17.0% during the 4th quarter. Nicolet Bankshares Inc. now owns 9,756 shares of the entertainment giant's stock worth $1,086,000 after purchasing an additional 1,421 shares during the period. Finally, Act Two Investors LLC raised its stake in shares of Walt Disney by 16.9% during the 4th quarter. Act Two Investors LLC now owns 12,835 shares of the entertainment giant's stock valued at $1,429,000 after buying an additional 1,856 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on DIS shares. Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Morgan Stanley lifted their price target on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed 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, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walt Disney presently has an average rating of "Moderate Buy" and a consensus target price of $124.48.
Check Out Our Latest Report on Walt Disney
Walt Disney Trading Up 0.4 %
NYSE:DIS traded up $0.34 on Tuesday, hitting $85.00. The stock had a trading volume of 7,816,812 shares, compared to its average volume of 9,989,640. The company has a fifty day moving average price of $101.31 and a two-hundred day moving average price of $104.75. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. 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 market cap of $153.67 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.44.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
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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