Strategic Financial Services Inc. Raises Stock Position in The Walt Disney Company (NYSE:DIS)

Strategic Financial Services Inc. lifted its stake in The Walt Disney Company (NYSE:DIS) by 21.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,082 shares of the entertainment giant’s stock after buying an additional 546 shares during the quarter. Strategic Financial Services Inc.’s holdings in Walt Disney were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter worth about $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter worth $35,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Walt Disney during the fourth quarter valued at $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of NYSE DIS opened at $100.33 on Thursday. The business has a 50 day moving average price of $108.45 and a two-hundred day moving average price of $104.65. The firm has a market cap of $181.38 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last posted its 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%. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on DIS shares. Prescient Securities lowered 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 note on Tuesday, February 4th. Loop Capital increased 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. Macquarie reissued a “neutral” rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, 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 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.

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.