Institutional & Family Asset Management LLC purchased a new stake in shares of Walt Disney Co (NYSE:DIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,566 shares of the entertainment giant’s stock, valued at approximately $253,000.
Other hedge funds have also added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new stake in shares of Walt Disney during the second quarter worth $5,587,000. Tdam USA Inc. increased its position in shares of Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after buying an additional 7,785 shares during the period. TD Asset Management Inc. increased its position in shares of Walt Disney by 6.2% during the second quarter. TD Asset Management Inc. now owns 1,725,042 shares of the entertainment giant’s stock worth $183,286,000 after buying an additional 100,499 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Walt Disney by 43.6% during the second quarter. Pictet Asset Management Ltd. now owns 1,630,711 shares of the entertainment giant’s stock worth $176,019,000 after buying an additional 495,310 shares during the period. Finally, Advisor Partners LLC increased its position in shares of Walt Disney by 3.5% during the second quarter. Advisor Partners LLC now owns 27,003 shares of the entertainment giant’s stock worth $2,869,000 after buying an additional 920 shares during the period. 61.23% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Co (NYSE DIS) opened at $106.53 on Monday. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10. The firm has a market cap of $160,186.61, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.
Several research firms have recently weighed in on DIS. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reiterated a “buy” rating and set a $144.00 price objective (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Vetr cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price objective for the company. in a research report on Tuesday, February 13th. Jefferies Group restated a “hold” rating and issued a $103.77 price target (up from $102.68) on shares of Walt Disney in a report on Friday, November 10th. Finally, Macquarie set a $125.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $118.59.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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