J. Stern & Co. LLP Buys 21,704 Shares of The Walt Disney Company (NYSE:DIS)

J. Stern & Co. LLP lifted its stake in The Walt Disney Company (NYSE:DIS) by 6.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 341,755 shares of the entertainment giant’s stock after purchasing an additional 21,704 shares during the period. Walt Disney accounts for 3.6% of J. Stern & Co. LLP’s holdings, making the stock its 15th biggest position. J. Stern & Co. LLP’s holdings in Walt Disney were worth $38,054,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. FPC Investment Advisory Inc. bought a new position in shares of Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc lifted its holdings in Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after acquiring an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney in the fourth quarter worth about $32,000. Midwest Capital Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $34,000. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at about $35,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the subject of several recent research reports. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their target price on Walt Disney from $130.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $123.75.

Walt Disney Stock Up 1.4 %

Shares of DIS opened at $87.28 on Thursday. The business’s 50 day simple moving average is $97.80 and its 200-day simple moving average is $104.20. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. 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 stock has a market capitalization of $157.79 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth 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 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%. As a group, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.