The Walt Disney Company (NYSE:DIS) Shares Bought by Trek Financial LLC

Trek Financial LLC lifted its position in The Walt Disney Company (NYSE:DIS) by 479.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,320 shares of the entertainment giant’s stock after purchasing an additional 30,057 shares during the quarter. Trek Financial LLC’s holdings in Walt Disney were worth $4,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $2,415,427,000. Arrowstreet Capital Limited Partnership grew its position in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant’s stock worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Jennison Associates LLC increased its stake in Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after acquiring an additional 3,636,742 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Walt Disney in the fourth quarter valued at $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney in the 4th quarter valued at $350,707,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 6.0 %

Shares of NYSE DIS opened at $83.52 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $105.68 and a 200 day moving average price of $105.20. The Walt Disney Company has a 52 week low of $83.08 and a 52 week high of $118.63. The stock has a market capitalization of $150.99 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Loop Capital raised their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Prescient Securities decreased their price target on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.33.

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.