Parvin Asset Management LLC Invests $57,000 in The Walt Disney Company (NYSE:DIS)

Parvin Asset Management LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 515 shares of the entertainment giant’s stock, valued at approximately $57,000.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after buying an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the 4th quarter valued at $32,000. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth about $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the 4th quarter valued at about $35,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE:DIS opened at $90.98 on Thursday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. 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 business has a 50 day moving average of $95.85 and a 200 day moving average of $104.11. The company has a market capitalization of $164.47 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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, sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on DIS. Barclays decreased their price objective on Walt Disney from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wolfe Research upgraded Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. 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 note on Tuesday, January 7th. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Macquarie reaffirmed a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given 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 $123.75.

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.