LPL Financial LLC Acquires 89,796 Shares of The Walt Disney Company (NYSE:DIS)

LPL Financial LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,911,722 shares of the entertainment giant’s stock after purchasing an additional 89,796 shares during the quarter. LPL Financial LLC owned 0.11% of Walt Disney worth $212,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DIS. FPC Investment Advisory Inc. bought a new position in Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc grew its stake in shares of 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 acquiring an additional 124 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Walt Disney during 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 bought a new position in shares of Walt Disney during the 4th quarter worth $39,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 0.7 %

Shares of NYSE DIS opened at $99.51 on Monday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The stock has a market cap of $179.89 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The firm has a 50-day moving average of $108.04 and a 200 day moving average of $104.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIS shares. Jefferies Financial Group assumed coverage on Walt Disney in a report on Wednesday, December 4th. They set a “hold” rating and a $120.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Citigroup restated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

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.