Dana Investment Advisors Inc. Has $6.99 Million Stake in The Walt Disney Company (NYSE:DIS)

Dana Investment Advisors Inc. increased its position in shares of The Walt Disney Company (NYSE:DIS) by 339.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 62,800 shares of the entertainment giant’s stock after purchasing an additional 48,505 shares during the period. Dana Investment Advisors Inc.’s holdings in Walt Disney were worth $6,993,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DIS. Vision Financial Markets LLC bought a new position in Walt Disney during the fourth quarter worth $39,000. Arizona State Retirement System lifted its position in Walt Disney by 0.6% during the fourth quarter. Arizona State Retirement System now owns 525,958 shares of the entertainment giant’s stock worth $58,565,000 after purchasing an additional 3,247 shares during the period. Aigen Investment Management LP lifted its position in Walt Disney by 628.3% during the fourth quarter. Aigen Investment Management LP now owns 20,246 shares of the entertainment giant’s stock worth $2,254,000 after purchasing an additional 17,466 shares during the period. Proficio Capital Partners LLC lifted its position in Walt Disney by 13.6% during the fourth quarter. Proficio Capital Partners LLC now owns 16,815 shares of the entertainment giant’s stock worth $1,872,000 after purchasing an additional 2,016 shares during the period. Finally, SPC Financial Inc. raised its stake in Walt Disney by 8.7% during the fourth quarter. SPC Financial Inc. now owns 2,589 shares of the entertainment giant’s stock worth $288,000 after acquiring an additional 208 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on DIS. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Bank of America boosted their target price on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Macquarie reiterated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total transaction of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. This represents a 15.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Stock Up 0.3 %

Walt Disney stock opened at $109.29 on Thursday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a 50 day moving average price of $110.56 and a 200-day moving average price of $103.94. The company has a market capitalization of $197.58 billion, a P/E ratio of 35.60, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS for the current 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.