Stonehaven Wealth & Tax Solutions LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Stonehaven Wealth & Tax Solutions LLC acquired a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,550 shares of the entertainment giant's stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc lifted its position in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Walt Disney during the 4th quarter valued at approximately $32,000. Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney in the 4th quarter worth approximately $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DIS shares. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC restated a "buy" rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Barclays reduced their price objective on Walt Disney from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group boosted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.48.

Walt Disney Price Performance

NYSE DIS traded up $1.98 during trading hours on Friday, reaching $84.75. 14,724,780 shares of the company's stock were exchanged, compared to its average volume of 10,033,761. The firm has a fifty day moving average of $99.24 and a 200-day moving average of $104.45. 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 Walt Disney Company has a one year low of $80.10 and a one year high of $118.63. The stock has a market cap of $153.21 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. On average, equities research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.