StoneX Group Inc. Makes New Investment in The Walt Disney Company (NYSE:DIS)

StoneX Group Inc. purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, Holdings Channel reports. The fund purchased 11,327 shares of the entertainment giant’s stock, valued at approximately $1,266,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HighPoint Advisor Group LLC raised its holdings in Walt Disney by 3.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 76,344 shares of the entertainment giant’s stock valued at $8,355,000 after buying an additional 2,471 shares in the last quarter. Family Legacy Inc. increased its holdings in shares of Walt Disney by 4.7% during the 4th quarter. Family Legacy Inc. now owns 14,109 shares of the entertainment giant’s stock valued at $1,549,000 after acquiring an additional 628 shares during the last quarter. Seven Mile Advisory raised its stake in shares of Walt Disney by 21.3% in the 4th quarter. Seven Mile Advisory now owns 3,049 shares of the entertainment giant’s stock valued at $340,000 after acquiring an additional 536 shares in the last quarter. Boston Research & Management Inc. lifted its holdings in Walt Disney by 2.0% in the 4th quarter. Boston Research & Management Inc. now owns 47,108 shares of the entertainment giant’s stock worth $5,245,000 after purchasing an additional 937 shares during the last quarter. Finally, Summit Financial LLC boosted its position in Walt Disney by 13.7% during the fourth quarter. Summit Financial LLC now owns 34,099 shares of the entertainment giant’s stock worth $3,813,000 after purchasing an additional 4,103 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 1.1 %

DIS opened at $97.63 on Wednesday. The firm has a market cap of $176.49 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.80 and a beta of 1.41. 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 firm’s 50-day simple moving average is $106.92 and its 200-day simple moving average is $105.32. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.69.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic raised shares of 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 report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Citigroup reissued a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Finally, Loop Capital increased their target price on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.33.

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.