Parvin Asset Management LLC Makes New Investment in The Walt Disney Company (NYSE:DIS)

Parvin Asset Management LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 515 shares of the entertainment giant’s stock, valued at approximately $57,000.

A number of other hedge funds have also bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $32,000. Midwest Capital Advisors LLC acquired a new position in Walt Disney in the 4th quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in Walt Disney in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.2 %

Shares of Walt Disney stock opened at $90.98 on Thursday. The company has a market capitalization of $164.47 billion, a P/E ratio of 29.64, a PEG ratio of 1.80 and a beta of 1.44. 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 $80.10 and a 1-year high of $118.63. The business’s fifty day moving average price is $95.85 and its two-hundred day moving average price is $104.11.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data 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%. As a group, research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DIS shares. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Prescient Securities lowered their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. UBS Group reduced their price objective on Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.75.

Walt Disney 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.