Truepoint Inc. Increases Stock Position in The Walt Disney Company (NYSE:DIS)

Truepoint Inc. increased its holdings in The Walt Disney Company (NYSE:DIS) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,522 shares of the entertainment giant’s stock after buying an additional 156 shares during the period. Truepoint Inc.’s holdings in Walt Disney were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DIS. State Street Corp boosted its holdings in shares of Walt Disney by 0.6% in the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after acquiring an additional 490,681 shares during the period. Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares during the period. FMR LLC lifted its holdings in Walt Disney by 8.7% during the 3rd 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 in the last quarter. Jennison Associates LLC boosted its stake in Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock worth $2,137,637,000 after purchasing an additional 3,636,742 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock valued at $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

DIS stock opened at $98.79 on Friday. The firm has a market cap of $178.59 billion, a P/E ratio of 32.18, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s fifty day moving average is $108.23 and its 200 day moving average is $104.61. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Loop Capital raised their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Redburn Atlantic raised shares of 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 report on Tuesday, January 7th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Monday, February 10th. Morgan Stanley increased 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, The Goldman Sachs Group boosted their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

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.