Geode Capital Management LLC Grows Position in The Walt Disney Company $DIS

Geode Capital Management LLC raised its position in The Walt Disney Company (NYSE:DIS) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,992,231 shares of the entertainment giant’s stock after purchasing an additional 458,077 shares during the quarter. Geode Capital Management LLC owned 2.22% of Walt Disney worth $4,935,928,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Walt Disney during the first quarter worth $26,000. DiNuzzo Private Wealth Inc. increased its stake in Walt Disney by 82.5% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after buying an additional 94 shares during the period. Harbor Asset Planning Inc. purchased a new position in Walt Disney in the 2nd quarter worth about $37,000. RMG Wealth Management LLC purchased a new stake in Walt Disney in the 2nd quarter valued at about $49,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Walt Disney in the 1st quarter valued at about $53,000. Institutional investors own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DIS. Stephens reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 11th. Rosenblatt Securities restated a “buy” rating and set a $141.00 price objective on shares of Walt Disney in a report on Friday, October 17th. Raymond James Financial reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Walt Disney in a report on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $132.90.

Walt Disney Stock Performance

DIS opened at $114.93 on Wednesday. The company has a market cap of $206.64 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.45 and a beta of 1.55. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $113.26 and its 200-day moving average price is $114.33. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69.

Walt Disney Company 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.