Yoffe Investment Management LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Yoffe Investment Management LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,548 shares of the entertainment giant’s stock, valued at approximately $729,000.

Several other large investors have also modified their holdings of DIS. United Bank increased its holdings in shares of Walt Disney by 6.2% during the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after buying an additional 712 shares during the last quarter. Edgestream Partners L.P. increased its stake in Walt Disney by 68.2% during the third quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock worth $1,049,000 after acquiring an additional 4,421 shares during the last quarter. Atom Investors LP acquired a new position in shares of Walt Disney in the 3rd quarter valued at about $352,000. Benjamin Edwards Inc. lifted its stake 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 valued at $2,811,000 after purchasing an additional 29,201 shares in the last quarter. Finally, Morse Asset Management Inc grew its holdings in shares of Walt Disney by 17.5% during the 3rd 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 period. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Stock Down 9.4 %

DIS stock opened at $88.67 on Friday. The firm has a market cap of $160.30 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $120.19. The firm has a fifty day moving average price of $106.26 and a two-hundred day moving average price of $105.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating 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%. Research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

DIS has been the subject of several research reports. Loop Capital boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Macquarie reiterated a “neutral” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Finally, Prescient Securities reduced their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.