Advisors Capital Management LLC Acquires 4,292 Shares of The Walt Disney Company (NYSE:DIS)

Advisors Capital Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,461 shares of the entertainment giant’s stock after acquiring an additional 4,292 shares during the period. Advisors Capital Management LLC’s holdings in Walt Disney were worth $45,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the fourth 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. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth $32,000. Midwest Capital Advisors LLC bought a new stake in Walt Disney during the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Morgan Stanley raised their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $84.92 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $153.52 billion, a PE ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44. The firm has a 50 day moving average of $101.83 and a 200-day moving average of $104.75. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 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 research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.