Prudential Financial Inc. boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 40.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,257,340 shares of the entertainment giant's stock after purchasing an additional 651,004 shares during the period. Prudential Financial Inc. owned about 0.12% of Walt Disney worth $251,355,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Bank lifted its position in shares of Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant's stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Walt Disney by 7.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant's stock worth $2,826,000 after buying an additional 2,110 shares during the period. Eagle Asset Management Inc. lifted its holdings in Walt Disney by 49.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 15,000 shares of the entertainment giant's stock worth $1,485,000 after buying an additional 4,947 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Walt Disney by 3.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 60,888 shares of the entertainment giant's stock valued at $5,857,000 after buying an additional 2,259 shares during the period. Finally, Okabena Investment Services Inc. grew its stake in shares of Walt Disney by 25.2% in the third quarter. Okabena Investment Services Inc. now owns 10,756 shares of the entertainment giant's stock worth $1,035,000 after acquiring an additional 2,163 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company's stock.
Wall Street Analysts Forecast Growth
DIS has been the topic of several analyst reports. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a "hold" rating and a $120.00 target price on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.64.
Check Out Our Latest Stock Report on Walt Disney
Walt Disney Stock Performance
DIS stock traded up $1.43 during trading on Tuesday, hitting $101.61. The company had a trading volume of 7,358,398 shares, compared to its average volume of 9,539,415. The firm has a 50-day moving average price of $107.89 and a 200-day moving average price of $104.86. 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 firm has a market cap of $183.69 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74.
Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.
Walt Disney Company Profile
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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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