Treasurer of the State of North Carolina Boosts Stake in The Walt Disney Company (NYSE:DIS)

Treasurer of the State of North Carolina grew its stake in The Walt Disney Company (NYSE:DIS) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 845,749 shares of the entertainment giant’s stock after purchasing an additional 529 shares during the period. Treasurer of the State of North Carolina’s holdings in Walt Disney were worth $94,174,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Trek Financial LLC boosted its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after purchasing an additional 30,057 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Walt Disney by 10.5% in the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock valued at $15,687,000 after purchasing an additional 13,339 shares in the last quarter. Greystone Financial Group LLC boosted its position in Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the period. Avanza Fonder AB acquired a new stake in Walt Disney in the fourth quarter valued at approximately $15,125,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $446,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DIS. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Loop Capital lifted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Barclays lowered their target price on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.75.

Walt Disney Stock Up 12.2 %

Shares of NYSE:DIS opened at $91.69 on Thursday. The business has a fifty day simple moving average of $102.98 and a 200 day simple moving average of $104.86. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The firm has a market cap of $165.76 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.80 and a beta of 1.44. 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 posted 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 return on equity of 9.95% and a net margin of 6.07%. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.