HighTower Advisors LLC Has $280.95 Million Position in The Walt Disney Company (NYSE:DIS)

HighTower Advisors LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,523,138 shares of the entertainment giant’s stock after acquiring an additional 40,672 shares during the quarter. HighTower Advisors LLC’s holdings in Walt Disney were worth $280,951,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth about $28,000. Tacita Capital Inc raised its position in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $34,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth about $35,000. Finally, Vision Financial Markets LLC acquired a new stake in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America lifted their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Guggenheim lifted their target price on Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six 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’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Down 4.9 %

DIS stock opened at $98.00 on Wednesday. The stock has a market capitalization of $177.17 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 $123.74. The firm has a 50-day moving average price of $109.88 and a 200-day moving average price of $104.30.

Walt Disney (NYSE:DIS) last posted its 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%. As a group, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.