The Walt Disney Company (NYSE:DIS) Shares Acquired by First Foundation Advisors

First Foundation Advisors lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 65,693 shares of the entertainment giant’s stock after acquiring an additional 12,833 shares during the quarter. First Foundation Advisors’ holdings in Walt Disney were worth $7,315,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

DIS has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Barclays decreased their price target on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.75.

Walt Disney Price Performance

Walt Disney stock opened at $88.20 on Thursday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company’s 50 day moving average price is $102.98 and its two-hundred day moving average price is $104.86. 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 stock has a market cap of $159.45 billion, a P/E ratio of 28.73, a P/E/G 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 analysts’ consensus estimates 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 predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.