First Business Financial Services Inc. Boosts Stake in The Walt Disney Company (NYSE:DIS)

First Business Financial Services Inc. grew its stake in The Walt Disney Company (NYSE:DIS) by 11.9% during the 3rd quarter, Holdings Channel reports. The fund owned 19,958 shares of the entertainment giant’s stock after acquiring an additional 2,119 shares during the period. First Business Financial Services Inc.’s holdings in Walt Disney were worth $1,920,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DIS. ESL Trust Services LLC acquired a new stake in Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. acquired a new stake in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC increased its stake in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after acquiring an additional 256 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DIS. Deutsche Bank Aktiengesellschaft boosted their price target on Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Wednesday, October 23rd. Piper Sandler started coverage on Walt Disney in a research report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Evercore ISI lifted their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and an average target price of $119.90.

Walt Disney Trading Up 6.2 %

Shares of DIS stock opened at $109.13 on Friday. The stock has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $96.69. The stock has a market cap of $197.92 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

About Walt Disney

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.