The Walt Disney Company (NYSE:DIS) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 102.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,226 shares of the entertainment giant’s stock after purchasing an additional 6,200 shares during the quarter. OneAscent Financial Services LLC’s holdings in Walt Disney were worth $1,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. United Bank raised its position in shares of Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock worth $1,168,000 after buying an additional 712 shares during the period. Edgestream Partners L.P. boosted its position in Walt Disney by 68.2% in the 3rd quarter. Edgestream Partners L.P. now owns 10,907 shares of the entertainment giant’s stock valued at $1,049,000 after buying an additional 4,421 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Walt Disney during the third quarter valued at about $255,000. Atom Investors LP acquired a new position in shares of Walt Disney in the third quarter worth about $352,000. Finally, Benjamin Edwards Inc. boosted its holdings in Walt Disney by 139,052.4% in the third quarter. Benjamin Edwards Inc. now owns 29,222 shares of the entertainment giant’s stock valued at $2,811,000 after purchasing an additional 29,201 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.1 %

Shares of Walt Disney stock opened at $97.63 on Wednesday. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.69. The stock has a fifty day moving average price of $106.92 and a 200-day moving average price of $105.32. The firm has a market cap of $176.49 billion, a PE ratio of 31.80, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. Equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, January 22nd. Jefferies Financial Group started coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.