10,953 Shares in The Walt Disney Company (NYSE:DIS) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,953 shares of the entertainment giant's stock, valued at approximately $1,220,000.

Several other hedge funds also recently modified their holdings of DIS. Geode Capital Management LLC increased its stake in Walt Disney by 2.2% during 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 purchasing an additional 809,989 shares in the last quarter. Norges Bank bought a new stake in Walt Disney during the 4th quarter worth approximately $2,415,427,000. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 15.5% during the fourth 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 grew 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 in the last quarter. Institutional investors own 65.71% of the company's stock.

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Walt Disney Trading Up 0.4 %

NYSE DIS traded up $0.34 during trading on Tuesday, hitting $85.00. 7,828,411 shares of the company's stock traded hands, compared to its average volume of 9,991,097. The stock has a fifty day moving average of $101.31 and a two-hundred day moving average of $104.75. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The firm has a market cap of $153.67 billion, a P/E ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Loop Capital boosted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Macquarie reaffirmed a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a research report on Monday, January 6th. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Citigroup reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Walt Disney currently has a consensus rating of "Moderate Buy" and an average price target of $124.48.

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.