Balanced Wealth Group LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Balanced Wealth Group LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,451 shares of the entertainment giant’s stock, valued at approximately $277,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Impact Capital Partners LLC bought a new stake in Walt Disney in the fourth quarter valued at $305,000. Madison Wealth Partners Inc bought a new stake in Walt Disney in the fourth quarter valued at $201,000. DecisionMap Wealth Management LLC bought a new stake in Walt Disney in the fourth quarter valued at $768,000. CFO4Life Group LLC raised its stake in shares of Walt Disney by 126.8% during the fourth quarter. CFO4Life Group LLC now owns 8,047 shares of the entertainment giant’s stock valued at $896,000 after purchasing an additional 4,499 shares in the last quarter. Finally, Tillman Hartley LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $223,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DIS. 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 research note on Friday, November 15th. Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Evercore ISI boosted their price target on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Prescient Securities dropped their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Up 0.9 %

DIS opened at $98.79 on Thursday. The business has a 50 day moving average price of $109.63 and a 200 day moving average price of $104.36. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $178.60 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. Research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.