Grantvest Financial Group LLC Acquires New Stake in The Walt Disney Company

Grantvest Financial Group LLC has revealed that it acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The firm acquired 3,977 shares of the renowned entertainment company, which is valued at around $443,000.

Other institutional investors have also been active in making changes to their positions in Walt Disney. For instance, FPC Investment Advisory Inc. purchased a new position in Walt Disney worth about $28,000 during the fourth quarter. Meanwhile, Tacita Capital Inc. increased its stake in Walt Disney shares by an impressive 93.2% during the same period, bringing their total ownership to 257 shares valued at $29,000 after acquiring an additional 124 shares. Additionally, Midwest Capital Advisors LLC acquired a new stake in Walt Disney, valued at $34,000. Likewise, Bay Harbor Wealth Management LLC purchased new shares worth $35,000, and Vision Financial Markets LLC invested approximately $39,000 in Walt Disney as well. Currently, institutional investors and hedge funds hold about 65.71% of the company’s stock.

Wall Street Analyst Insights

A variety of research analysts have expressed their views on DIS shares. In a report dated February 6th, Morgan Stanley raised their price target on Walt Disney from $125.00 to $130.00, while also rating the stock as "overweight." On the contrary, Prescient Securities lowered their price objective from $130.00 to $115.00 and assigned a "neutral" rating to Disney shares in a note released on February 4th. Loop Capital also revised its price target on the stock to $130.00 from $125.00, giving it a "buy" rating on March 4th. Furthermore, Jefferies Financial Group provided coverage for Disney shares on December 4th and set a "hold" rating with a target price of $120.00. Macquarie also maintained a "neutral" rating with a $110.00 price target for the shares. Of the analysts, six rated the stock with a hold rating, eighteen assigned a buy rating, and two analysts issued strong buy ratings. Presently, Walt Disney holds an average rating of "Moderate Buy" with an average price target of $125.64 according to MarketBeat.com.

Performance Overview of Walt Disney Stock

The shares of Disney opened at $99.51 on Monday. The Walt Disney Company has reached a low of $83.91 and a high of $123.74 within the past twelve months. The company boasts a market capitalization of $179.89 billion, a PE ratio of 32.41, and a P/E/G ratio of 1.80 alongside a beta of 1.41. Current assets have been reported with a ratio of 0.68, a quick ratio of 0.62, and a debt-to-equity ratio of 0.36. As for moving averages, Disney's fifty-day standing is $108.04 while its 200-day moving average is $104.78.

The Walt Disney Company announced its earnings results last on February 5th. The company reported an EPS of $1.76 for the quarter, which surpassed analyst expectations of $1.44 by $0.32. Disney also achieved a return on equity of 9.95% and a net margin of 6.07%. Analysts currently anticipate that The Walt Disney Company will post earnings per share of 5.47 for the ongoing fiscal year.

About The Walt Disney Company

The Walt Disney Company operates as a global entertainment enterprise, structured into three segments: Entertainment, Sports, and Experiences. It produces and distributes film and television content through several channels including the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television stations. Disney also produces original content under notable banners such as ABC Signature, Disney Branded Television, FX Productions, Marvel, Pixar, and Walt Disney Pictures among others.

investment, finance, Disney