4WEALTH Advisors Inc. Buys New Position in The Walt Disney Company (NYSE:DIS)

4WEALTH Advisors Inc. acquired a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,110 shares of the entertainment giant’s stock, valued at approximately $569,000.

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

Walt Disney Stock Down 0.1 %

DIS stock opened at $90.84 on Friday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month 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 company has a market capitalization of $164.22 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. The firm’s fifty day simple moving average is $95.44 and its 200-day simple moving average is $104.02.

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 analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. As a group, equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIS. 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 research note on Tuesday, January 7th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Prescient Securities decreased 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. Wolfe Research upgraded shares of Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, April 21st. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Six investment 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.75.

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.