Objectivity Squared LLC Invests $206,000 in The Walt Disney Company (NYSE:DIS)

Objectivity Squared LLC bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,892 shares of the entertainment giant’s stock, valued at approximately $206,000.

A number of other hedge funds have also added to or reduced their stakes in DIS. Daiwa Securities Group Inc. grew its stake in Walt Disney by 3.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 318,128 shares of the entertainment giant’s stock valued at $35,424,000 after purchasing an additional 12,068 shares in the last quarter. Main Street Research LLC acquired a new stake in shares of Walt Disney in the 4th quarter valued at approximately $205,000. Hoya Capital Real Estate LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $223,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Walt Disney by 6.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 459,737 shares of the entertainment giant’s stock worth $51,192,000 after buying an additional 26,678 shares during the last quarter. Finally, Enterprise Financial Services Corp raised its position in Walt Disney by 3.5% during the fourth quarter. Enterprise Financial Services Corp now owns 3,536 shares of the entertainment giant’s stock worth $394,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 65.71% of the company’s stock.

Analysts Set New Price Targets

DIS has been the topic of several recent analyst reports. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research note on Monday, January 6th. 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. 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 note on Thursday, February 6th. Sanford C. Bernstein lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Price Performance

DIS stock opened at $105.58 on Monday. The company’s 50-day moving average price is $110.30 and its two-hundred day moving average price is $104.16. The firm has a market cap of $190.87 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.

Walt Disney (NYSE:DIS) last announced 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 net margin of 6.07% and a return on equity of 9.95%. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company’s stock, valued at $5,054,870.70. This trade represents a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.