Rialto Wealth Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,640 shares of the entertainment giant's stock, valued at approximately $294,000.
Several other institutional investors and hedge funds have also bought and sold shares of DIS. Larson Financial Group LLC lifted its holdings in Walt Disney by 11.7% in the 4th quarter. Larson Financial Group LLC now owns 16,522 shares of the entertainment giant's stock worth $1,840,000 after buying an additional 1,726 shares during the period. AMF Tjanstepension AB lifted its holdings in Walt Disney by 11.0% in the 4th quarter. AMF Tjanstepension AB now owns 286,837 shares of the entertainment giant's stock worth $31,952,000 after buying an additional 28,453 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Walt Disney in the 4th quarter worth approximately $9,733,000. Camden National Bank purchased a new stake in Walt Disney in the 4th quarter worth approximately $389,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Walt Disney by 6.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,288,686 shares of the entertainment giant's stock worth $153,935,000 after buying an additional 75,992 shares during the period. 65.71% of the stock is currently owned by institutional investors.
Walt Disney Stock Performance
NYSE DIS traded up $0.15 on Friday, hitting $105.58. 12,714,283 shares of the company traded hands, compared to its average volume of 9,538,860. The company has a market capitalization of $190.87 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $110.30 and its 200-day moving average price is $104.05. The Walt Disney Company has a 52-week low of $83.91 and a 52-week 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 for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Needham & Company LLC restated a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. TD Cowen raised their target price on Walt Disney from $108.00 to $123.00 and gave the company a "hold" rating in a research note on Friday, November 15th. Finally, Bank of America raised their price objective on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, November 15th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.64.
Check Out Our Latest Report on Walt Disney
Insider Activity
In other news, EVP Brent Woodford sold 8,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.
Walt Disney 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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