Aviance Capital Partners LLC Buys 210 Shares of The Walt Disney Company (NYSE:DIS)

Aviance Capital Partners LLC raised its position in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 33,380 shares of the entertainment giant’s stock after purchasing an additional 210 shares during the quarter. Aviance Capital Partners LLC’s holdings in Walt Disney were worth $3,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after acquiring an additional 5,184 shares during the last quarter. Summit Global Investments increased its holdings in Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. Lmcg Investments LLC boosted its holdings in shares of Walt Disney by 18.6% during the 3rd quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after buying an additional 23,116 shares in the last quarter. American Assets Inc. acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $962,000. Finally, ICICI Prudential Asset Management Co Ltd increased its stake in shares of Walt Disney by 92.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock valued at $8,940,000 after acquiring an additional 44,535 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DIS. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Macquarie increased their target price on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. Needham & Company LLC boosted their price target on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a report on Friday. Finally, Bank of America raised their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.83.

Walt Disney Trading Down 1.3 %

Shares of DIS stock opened at $113.55 on Tuesday. The stock has a market capitalization of $205.93 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 1.87 and a beta of 1.40. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.66. The company’s fifty day simple moving average is $96.07 and its two-hundred day simple moving average is $96.60.

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.