Nicolet Advisory Services LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Nicolet Advisory Services LLC grew its holdings in The Walt Disney Company (NYSE:DIS) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,406 shares of the entertainment giant’s stock after purchasing an additional 1,062 shares during the period. Nicolet Advisory Services LLC’s holdings in Walt Disney were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC boosted its holdings in Walt Disney by 102.9% in the fourth quarter. OneAscent Financial Services LLC now owns 12,226 shares of the entertainment giant’s stock valued at $1,361,000 after purchasing an additional 6,200 shares in the last quarter. Bryce Point Capital LLC acquired a new position in Walt Disney during the fourth quarter worth about $2,025,000. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Walt Disney during the 4th quarter worth $560,000. Meeder Advisory Services Inc. grew its holdings in Walt Disney by 3.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 24,472 shares of the entertainment giant’s stock valued at $2,725,000 after buying an additional 870 shares during the last quarter. Finally, Groupama Asset Managment increased its position in Walt Disney by 11.8% during the fourth quarter. Groupama Asset Managment now owns 279,262 shares of the entertainment giant’s stock worth $30,944,000 after buying an additional 29,573 shares in the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS stock opened at $97.92 on Thursday. 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 company’s 50-day simple moving average is $106.70 and its 200-day simple moving average is $105.37. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.69. The stock has a market capitalization of $177.02 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Citigroup reiterated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, January 22nd. Loop Capital lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

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.