Broadway Wealth Solutions Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Broadway Wealth Solutions Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,989 shares of the entertainment giant’s stock, valued at approximately $333,000.

Other large investors have also recently bought and sold shares of the company. United Bank grew its position 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 acquiring an additional 712 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Walt Disney by 5.4% in the third quarter. CreativeOne Wealth LLC now owns 11,448 shares of the entertainment giant’s stock valued at $1,101,000 after acquiring an additional 590 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Walt Disney during the third quarter worth about $904,000. National Wealth Management Group LLC purchased a new position in Walt Disney during the third quarter worth about $495,000. Finally, Providence Capital Advisors LLC lifted its position in Walt Disney by 1.0% in the third quarter. Providence Capital Advisors LLC now owns 62,513 shares of the entertainment giant’s stock valued at $6,013,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DIS. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Down 0.3 %

Walt Disney stock opened at $100.45 on Friday. The company has a 50-day simple moving average of $107.49 and a 200-day simple moving average of $105.01. The firm has a market capitalization of $181.59 billion, a P/E ratio of 32.72, a P/E/G ratio of 1.80 and a beta of 1.41. 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 one year low of $83.91 and a one year high of $123.74.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share 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, equities analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company 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.