West Tower Group LLC Buys New Position in The Walt Disney Company (NYSE:DIS)

West Tower Group LLC bought a new stake in The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel reports. The fund bought 2,000 shares of the entertainment giant’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIS. VSM Wealth Advisory LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $297,000. Brooklyn FI LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $400,000. Enhancing Capital LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $1,114,000. Xponance Inc. boosted its position in shares of Walt Disney by 1.8% during the 4th quarter. Xponance Inc. now owns 270,252 shares of the entertainment giant’s stock valued at $30,093,000 after purchasing an additional 4,851 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Walt Disney during the 4th quarter valued at about $350,707,000. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Loop Capital upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Price Performance

Shares of DIS opened at $99.33 on Wednesday. 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’s 50 day moving average price is $108.63 and its 200 day moving average price is $104.58. The firm has a market cap of $179.56 billion, a PE ratio of 32.35, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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 return on equity of 9.95% and a net margin of 6.07%. As a group, research analysts expect 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.