OneAscent Financial Services LLC increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 102.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,226 shares of the entertainment giant's stock after buying an additional 6,200 shares during the quarter. OneAscent Financial Services LLC's holdings in Walt Disney were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Norges Bank purchased a new stake in Walt Disney during the fourth quarter worth approximately $2,415,427,000. Arrowstreet Capital Limited Partnership raised its position in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Jennison Associates LLC lifted its stake in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney in the fourth quarter worth about $358,151,000. Finally, Boston Partners acquired a new position in Walt Disney during the 4th quarter worth approximately $350,707,000. Institutional investors and hedge funds own 65.71% of the company's stock.
Walt Disney Price Performance
Shares of DIS traded down $5.32 during midday trading on Friday, reaching $83.52. The stock had a trading volume of 22,540,728 shares, compared to its average volume of 9,819,455. The firm's 50 day moving average price is $106.26 and its 200-day moving average price is $105.26. The Walt Disney Company has a 52 week low of $83.12 and a 52 week high of $120.19. The company has a market capitalization of $150.99 billion, a P/E ratio of 27.21, a P/E/G 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 announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Prescient Securities decreased their target price on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Citigroup restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Finally, Macquarie reaffirmed a "neutral" rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.33.
Read Our Latest Research Report on DIS
About Walt Disney
(
Free Report)
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.
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