1620 Investment Advisors Inc. Acquires 108 Shares of The Walt Disney Company (NYSE:DIS)

1620 Investment Advisors Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,236 shares of the entertainment giant’s stock after acquiring an additional 108 shares during the period. 1620 Investment Advisors Inc.’s holdings in Walt Disney were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. United Bank grew its position in Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares in the last quarter. Quest Partners LLC boosted its stake in Walt Disney by 198.6% in the third quarter. Quest Partners LLC now owns 10,916 shares of the entertainment giant’s stock valued at $1,050,000 after acquiring an additional 7,260 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Walt Disney in the third quarter valued at about $101,000. Advisors Asset Management Inc. boosted its stake in Walt Disney by 7.7% in the third quarter. Advisors Asset Management Inc. now owns 29,384 shares of the entertainment giant’s stock valued at $2,826,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Walt Disney in the third quarter valued at about $176,000. 65.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DIS shares. Jefferies Financial Group started coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a report on Monday, January 6th. Morgan Stanley raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Prescient Securities lowered their price objective on shares of 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, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Stock Down 1.5 %

Shares of Walt Disney stock opened at $98.79 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The stock has a market capitalization of $178.59 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a 50-day simple moving average of $108.23 and a two-hundred day simple moving average of $104.61.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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%. On average, analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

About Walt Disney

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.