Grant Private Wealth Management Inc Acquires Shares of 5,856 The Walt Disney Company (NYSE:DIS)

Grant Private Wealth Management Inc purchased a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,856 shares of the entertainment giant’s stock, valued at approximately $652,000.

Other hedge funds have also bought and sold shares of the company. United Bank raised its holdings in Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the period. Edgestream Partners L.P. increased its position in shares of Walt Disney by 68.2% in the third quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock valued at $1,049,000 after buying an additional 4,421 shares in the last quarter. Atom Investors LP purchased a new stake in shares of Walt Disney in the third quarter valued at approximately $352,000. Benjamin Edwards Inc. raised its stake in shares of Walt Disney by 139,052.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock worth $2,811,000 after buying an additional 29,201 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Walt Disney by 112.0% in the 3rd quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after acquiring an additional 2,188,610 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.2 %

DIS opened at $97.92 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market capitalization of $177.02 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.80 and a beta of 1.41. The business has a fifty day moving average price of $106.70 and a 200 day moving average price of $105.37. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.69.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Loop Capital lifted 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. Finally, Macquarie reissued a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given 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 an average target price of $125.33.

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.