Axxcess Wealth Management LLC Has $7.47 Million Holdings in The Walt Disney Company (NYSE:DIS)

Axxcess Wealth Management LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,109 shares of the entertainment giant’s stock after acquiring an additional 2,290 shares during the period. Axxcess Wealth Management LLC’s holdings in Walt Disney were worth $7,473,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DIS. United Bank increased its holdings in shares of Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after purchasing an additional 712 shares during the period. Clarkston Capital Partners LLC increased its holdings in shares of Walt Disney by 2.0% during the third quarter. Clarkston Capital Partners LLC now owns 238,974 shares of the entertainment giant’s stock worth $22,987,000 after purchasing an additional 4,788 shares during the period. Prudent Man Advisors LLC increased its holdings in shares of Walt Disney by 73.4% during the third quarter. Prudent Man Advisors LLC now owns 8,968 shares of the entertainment giant’s stock worth $863,000 after purchasing an additional 3,797 shares during the period. Aljian Capital Management LLC bought a new position in shares of Walt Disney during the third quarter worth approximately $1,228,000. Finally, Quest Partners LLC increased its holdings in shares of Walt Disney by 198.6% during the third quarter. Quest Partners LLC now owns 10,916 shares of the entertainment giant’s stock worth $1,050,000 after purchasing an additional 7,260 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $99.43 on Tuesday. The firm has a market cap of $179.74 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm’s fifty day moving average is $108.87 and its 200-day moving average is $104.52. 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 Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Evercore ISI lifted their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective on the stock. Loop Capital lifted 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. Finally, Morgan Stanley lifted 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 investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $125.64.

About Walt Disney

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.