RiverFront Investment Group LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

RiverFront Investment Group LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,851 shares of the entertainment giant’s stock after purchasing an additional 1,002 shares during the period. RiverFront Investment Group LLC’s holdings in Walt Disney were worth $763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DIS. Horizon Investment Services LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $1,267,000. DnB Asset Management AS grew its position in Walt Disney by 4.7% during the 4th quarter. DnB Asset Management AS now owns 330,011 shares of the entertainment giant’s stock worth $36,747,000 after acquiring an additional 14,713 shares during the last quarter. Alerus Financial NA increased its stake in Walt Disney by 3.0% in the 4th quarter. Alerus Financial NA now owns 32,139 shares of the entertainment giant’s stock worth $3,579,000 after purchasing an additional 934 shares during the period. Pictet Asset Management Holding SA lifted its position in Walt Disney by 2.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,626,483 shares of the entertainment giant’s stock valued at $181,109,000 after purchasing an additional 42,554 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. purchased a new stake in shares of Walt Disney during the fourth quarter valued at approximately $333,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

DIS opened at $98.02 on Friday. 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 Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.69. The company has a market cap of $177.19 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.80 and a beta of 1.41. The company’s 50 day moving average is $107.31 and its 200 day moving average is $105.07.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) 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%. On average, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DIS shares. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley upped their price target on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group initiated coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.