Strategies Wealth Advisors LLC Takes $923,000 Position in The Walt Disney Company (NYSE:DIS)

Strategies Wealth Advisors LLC purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,434 shares of the entertainment giant's stock, valued at approximately $923,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc boosted its position in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Walt Disney during the fourth quarter valued at $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney during the fourth quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIS. UBS Group reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Six investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.48.

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Walt Disney Stock Performance

NYSE DIS traded up $0.34 during midday trading on Tuesday, hitting $85.00. The company had a trading volume of 7,828,411 shares, compared to its average volume of 9,991,097. The firm has a fifty day simple moving average of $101.31 and a two-hundred day simple moving average of $104.75. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week 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 P/E/G ratio of 1.80 and a beta of 1.44.

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, topping 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 analysts forecast 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.