Townsquare Capital LLC Increases Stake in The Walt Disney Company (NYSE:DIS)

Townsquare Capital LLC increased its position in shares of The Walt Disney Company (NYSE:DIS) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,951 shares of the entertainment giant’s stock after purchasing an additional 13,232 shares during the period. Townsquare Capital LLC’s holdings in Walt Disney were worth $22,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DIS. Crux Wealth Advisors acquired a new position in Walt Disney during the 4th quarter worth approximately $665,000. Keyes Stange & Wooten Wealth Management LLC boosted its position in shares of Walt Disney by 18.6% during the 4th quarter. Keyes Stange & Wooten Wealth Management LLC now owns 5,455 shares of the entertainment giant’s stock worth $607,000 after purchasing an additional 857 shares in the last quarter. Nicolet Bankshares Inc. lifted its stake in shares of Walt Disney by 17.0% in the fourth quarter. Nicolet Bankshares Inc. now owns 9,756 shares of the entertainment giant’s stock valued at $1,086,000 after purchasing an additional 1,421 shares during the period. Act Two Investors LLC grew its position in Walt Disney by 16.9% during the fourth quarter. Act Two Investors LLC now owns 12,835 shares of the entertainment giant’s stock worth $1,429,000 after buying an additional 1,856 shares during the period. Finally, Quinn Opportunity Partners LLC increased its holdings in Walt Disney by 121.4% in the fourth quarter. Quinn Opportunity Partners LLC now owns 15,500 shares of the entertainment giant’s stock valued at $1,726,000 after buying an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Down 0.4 %

Walt Disney stock opened at $84.92 on Friday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $153.52 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.80 and a beta of 1.44. The company’s 50-day moving average price is $101.83 and its two-hundred day moving average price is $104.75.

Walt Disney (NYSE:DIS) last issued 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%. On average, analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday. Loop Capital upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 target price on shares of Walt Disney in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.13.

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.