Tower Research Capital LLC TRC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Tower Research Capital LLC TRC increased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 50.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 151,505 shares of the entertainment giant's stock after acquiring an additional 51,035 shares during the period. Tower Research Capital LLC TRC's holdings in Walt Disney were worth $16,870,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DIS. Norges Bank purchased a new stake in shares of Walt Disney during the fourth quarter valued at $2,415,427,000. Arrowstreet Capital Limited Partnership grew its stake in Walt Disney by 75.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares in the last quarter. Jennison Associates LLC increased its position 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 acquiring an additional 3,636,742 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Walt Disney during the fourth quarter worth approximately $358,151,000. Finally, Boston Partners purchased a new stake in shares of Walt Disney in the fourth quarter valued at approximately $350,707,000. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Stock Performance

DIS stock traded up $1.19 during midday trading on Wednesday, reaching $87.28. The stock had a trading volume of 12,076,070 shares, compared to its average volume of 10,069,014. The firm has a fifty day simple moving average of $98.26 and a two-hundred day simple moving average of $104.32. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. 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 stock has a market cap of $157.79 billion, a PE ratio of 28.43, 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 EPS 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%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday. Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Finally, Redburn Atlantic raised shares of Walt Disney from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.75.

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.