1620 Investment Advisors Inc. Increases Stake in The Walt Disney Company (NYSE:DIS)

1620 Investment Advisors Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,236 shares of the entertainment giant’s stock after acquiring an additional 108 shares during the period. 1620 Investment Advisors Inc.’s holdings in Walt Disney were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of Walt Disney by 23.4% during the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Walt Disney in the 4th quarter valued at about $358,151,000. Boston Partners purchased a new stake in Walt Disney in the 4th quarter valued at about $350,707,000. FMR LLC increased its stake in Walt Disney by 8.7% during the third quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant’s stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after buying an additional 2,300,912 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DIS has been the topic of several recent analyst reports. 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. Prescient Securities reduced their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a research note on Wednesday, January 22nd. Six 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 stock. According to data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Price Performance

Shares of NYSE DIS opened at $98.79 on Friday. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The business’s fifty day moving average price is $108.23 and its two-hundred day moving average price is $104.61. The firm has a market capitalization of $178.59 billion, a PE ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.41.

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

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.