Heritage Trust Co Takes Position in The Walt Disney Company (NYSE:DIS)

Heritage Trust Co bought a new position in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 31,595 shares of the entertainment giant’s stock, valued at approximately $3,518,000.

Other hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc lifted its holdings in shares of Walt Disney by 17.5% in the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock valued at $2,055,000 after purchasing an additional 3,185 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Walt Disney by 25.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,898 shares of the entertainment giant’s stock valued at $663,000 after acquiring an additional 1,406 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Walt Disney by 1.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 13,333 shares of the entertainment giant’s stock worth $1,283,000 after acquiring an additional 139 shares during the last quarter. Soltis Investment Advisors LLC grew its stake in shares of Walt Disney by 5.5% during the 3rd quarter. Soltis Investment Advisors LLC now owns 6,371 shares of the entertainment giant’s stock worth $613,000 after acquiring an additional 334 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd raised its holdings in shares of Walt Disney by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 37,123 shares of the entertainment giant’s stock valued at $3,551,000 after purchasing an additional 8,180 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Down 7.0 %

DIS opened at $85.02 on Friday. The stock has a fifty day moving average of $102.40 and a 200-day moving average of $104.81. The company has a market capitalization of $153.70 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.80 and a beta of 1.44. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping 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 analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Analyst Ratings Changes

DIS has been the subject of several recent research reports. Macquarie restated a “neutral” rating and set a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, February 5th. 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 research report on Tuesday, February 4th. Morgan Stanley increased their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.13.

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.