Advisors Asset Management Inc. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Advisors Asset Management Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 29,980 shares of the entertainment giant’s stock after purchasing an additional 596 shares during the period. Advisors Asset Management Inc.’s holdings in Walt Disney were worth $3,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc lifted its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $35,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Up 0.7 %

DIS stock opened at $99.51 on Friday. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The firm has a market cap of $179.89 billion, a PE ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41. The firm has a 50 day simple moving average of $108.04 and a 200 day simple moving average of $104.58. 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 released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DIS. Morgan Stanley increased their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Prescient Securities dropped their target price 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. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Macquarie reissued a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

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.