Modern Wealth Management LLC Acquires 2,909 Shares of The Walt Disney Company (NYSE:DIS)

Modern Wealth Management LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 23.1% during the fourth quarter, HoldingsChannel reports. The firm owned 15,498 shares of the entertainment giant’s stock after acquiring an additional 2,909 shares during the quarter. Modern Wealth Management LLC’s holdings in Walt Disney were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Walt Disney in the fourth quarter valued at about $28,000. Tacita Capital Inc boosted its stake in shares of 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 purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC acquired a new position in Walt Disney during the 4th quarter worth approximately $35,000. Finally, Vision Financial Markets LLC bought a new position in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Price Performance

DIS stock opened at $101.61 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market capitalization of $183.69 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company’s 50-day moving average is $107.76 and its 200-day moving average is $104.95. 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 announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS 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%. Equities research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, eighteen have given 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 a consensus target price 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.