1,945 Shares in The Walt Disney Company (NYSE:DIS) Acquired by Clune & Associates LTD.

Clune & Associates LTD. purchased a new stake in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,945 shares of the entertainment giant’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter valued at approximately $28,000. Tacita Capital Inc increased its holdings 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 worth $29,000 after buying an additional 124 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $35,000. Finally, Vision Financial Markets LLC purchased a new position in Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DIS shares. Jefferies Financial Group began coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price target for the company. Prescient Securities cut their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup reissued a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. 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 equities research 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 company. According to MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Price Performance

Shares of NYSE DIS opened at $100.24 on Tuesday. 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 Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company’s 50-day moving average is $107.89 and its 200 day moving average is $104.86. The stock has a market capitalization of $181.21 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. On average, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.