The Walt Disney Company (NYSE:DIS) Shares Bought by MJP Associates Inc. ADV

MJP Associates Inc. ADV increased its position in The Walt Disney Company (NYSE:DIS) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,306 shares of the entertainment giant’s stock after buying an additional 687 shares during the period. MJP Associates Inc. ADV’s holdings in Walt Disney were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the business. Trek Financial LLC increased its holdings in Walt Disney by 479.9% in the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock valued at $4,044,000 after buying an additional 30,057 shares during the period. Brookstone Capital Management raised its position 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 worth $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC grew its stake in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after acquiring an additional 9,967 shares during the period. Avanza Fonder AB purchased a new stake in Walt Disney during the 4th quarter valued at $15,125,000. Finally, FourThought Financial Partners LLC bought a new stake in Walt Disney during the fourth quarter valued at about $446,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

DIS opened at $105.93 on Monday. The stock has a market cap of $191.50 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $118.63. The business has a 50 day moving average of $93.86 and a 200-day moving average of $104.22.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Wolfe Research raised Walt Disney from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Monday, April 21st. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday. Guggenheim lowered their price target on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.54.

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.