Petra Financial Advisors Inc. Purchases Shares of 1,923 The Walt Disney Company (NYSE:DIS)

Petra Financial Advisors Inc. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,923 shares of the entertainment giant’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Jennison Associates LLC lifted its holdings in shares of Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Walt Disney during the fourth quarter worth $358,151,000. FMR LLC raised its holdings in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock valued at $3,310,539,000 after buying an additional 2,765,389 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Walt Disney by 112.0% during the third quarter. Janus Henderson Group PLC now owns 4,142,991 shares of the entertainment giant’s stock valued at $398,508,000 after buying an additional 2,188,610 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DIS shares. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Evercore ISI boosted their price target on Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $99.43 on Tuesday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $179.74 billion, a P/E ratio of 32.39, a P/E/G ratio of 1.80 and a beta of 1.41. The company’s 50 day moving average price is $108.87 and its two-hundred day moving average price is $104.52.

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

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.