First Foundation Advisors Has $7.32 Million Stock Position in The Walt Disney Company (NYSE:DIS)

First Foundation Advisors raised its holdings in The Walt Disney Company (NYSE:DIS) by 24.3% in the fourth quarter, Holdings Channel reports. The firm owned 65,693 shares of the entertainment giant’s stock after purchasing an additional 12,833 shares during the period. First Foundation Advisors’ holdings in Walt Disney were worth $7,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walt Disney in the fourth quarter worth approximately $28,000. Tacita Capital Inc raised its stake in shares of Walt Disney by 93.2% in the fourth 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 last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the fourth quarter worth approximately $32,000. Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter valued at approximately $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $35,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Stock Performance

Shares of DIS stock opened at $88.20 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 Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The company has a market capitalization of $159.45 billion, a P/E ratio of 28.73, a PEG ratio of 1.80 and a beta of 1.44. The stock has a 50 day moving average price of $102.98 and a two-hundred day moving average price of $104.86.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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%. Analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Ratings Changes

DIS has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Prescient Securities cut their price target on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price target on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.75.

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.