Taurus Asset Management LLC Grows Stock Position in The Walt Disney Company (NYSE:DIS)

Taurus Asset Management LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,249 shares of the entertainment giant's stock after purchasing an additional 6,354 shares during the period. Taurus Asset Management LLC's holdings in Walt Disney were worth $14,741,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of Walt Disney by 198.6% during the 3rd quarter. Quest Partners LLC now owns 10,916 shares of the entertainment giant's stock worth $1,050,000 after acquiring an additional 7,260 shares during the last quarter. Aljian Capital Management LLC purchased a new stake in Walt Disney in the third quarter worth $1,228,000. Prudent Man Advisors LLC lifted its position in shares of Walt Disney by 73.4% during the third quarter. Prudent Man Advisors LLC now owns 8,968 shares of the entertainment giant's stock worth $863,000 after purchasing an additional 3,797 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Walt Disney by 2.0% during the third quarter. Clarkston Capital Partners LLC now owns 238,974 shares of the entertainment giant's stock valued at $22,987,000 after purchasing an additional 4,788 shares during the period. Finally, Marathon Trading Investment Management LLC grew its holdings in shares of Walt Disney by 30.8% in the third quarter. Marathon Trading Investment Management LLC now owns 10,202 shares of the entertainment giant's stock worth $981,000 after purchasing an additional 2,400 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Loop Capital upped their target price on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday. Barclays decreased their target price on Walt Disney from $130.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Needham & Company LLC raised their price target on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a "neutral" rating and a $95.00 price objective for the company. Finally, Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the company an "overweight" rating in a report on Friday. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.83.

Walt Disney Stock Performance

Shares of NYSE:DIS traded down $1.67 during trading on Monday, hitting $113.41. The stock had a trading volume of 8,666,846 shares, compared to its average volume of 10,994,887. The stock has a 50-day simple moving average of $95.57 and a two-hundred day simple moving average of $96.60. The stock has a market capitalization of $205.68 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.40. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney Profile

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.