PAX Financial Group LLC Purchases 587 Shares of The Walt Disney Company (NYSE:DIS)

PAX Financial Group LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,199 shares of the entertainment giant’s stock after purchasing an additional 587 shares during the quarter. PAX Financial Group LLC’s holdings in Walt Disney were worth $913,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. United Bank raised its position in shares of 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 last quarter. Edgestream Partners L.P. lifted its position in Walt Disney by 68.2% in the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock valued at $1,049,000 after acquiring an additional 4,421 shares in the last quarter. Atom Investors LP purchased a new stake in Walt Disney during the 3rd quarter valued at $352,000. Benjamin Edwards Inc. increased its holdings in shares of Walt Disney by 139,052.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock worth $2,811,000 after purchasing an additional 29,201 shares in the last quarter. Finally, Morse Asset Management Inc raised its stake in shares of Walt Disney by 17.5% in the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock worth $2,055,000 after purchasing an additional 3,185 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DIS shares. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.33.

Walt Disney Stock Down 9.4 %

Shares of NYSE DIS opened at $88.67 on Friday. The firm’s 50-day moving average price is $106.26 and its 200-day moving average price is $105.26. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $120.19. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last announced 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%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.