Trek Financial LLC Grows Stock Holdings in The Walt Disney Company (NYSE:DIS)

Trek Financial LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 479.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,320 shares of the entertainment giant's stock after purchasing an additional 30,057 shares during the quarter. Trek Financial LLC's holdings in Walt Disney were worth $4,044,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

DIS has been the subject of a number of recent research reports. Macquarie reiterated a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Morgan Stanley increased their target price 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.75.

Walt Disney Price Performance

NYSE:DIS traded down $5.40 during mid-day trading on Thursday, hitting $86.04. 10,495,755 shares of the company's stock traded hands, compared to its average volume of 9,954,841. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market cap of $155.54 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm's 50 day simple moving average is $102.98 and its 200 day simple moving average is $104.86. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63.

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

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.