The Walt Disney Company (NYSE:DIS) Shares Bought by South Street Advisors LLC

South Street Advisors LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,032 shares of the entertainment giant’s stock after buying an additional 200 shares during the period. South Street Advisors LLC’s holdings in Walt Disney were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Walt Disney by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after buying an additional 1,449,730 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Walt Disney by 3.1% in the second quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Walt Disney by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Walt Disney by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock worth $988,290,000 after buying an additional 102,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Walt Disney by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,197,458 shares of the entertainment giant’s stock worth $714,806,000 after buying an additional 1,047,560 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Guggenheim raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company lifted their target price on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley boosted their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.57.

Walt Disney Trading Up 5.5 %

Shares of Walt Disney stock traded up $5.96 on Friday, reaching $115.08. The company had a trading volume of 32,048,032 shares, compared to its average volume of 11,005,124. The firm’s 50 day moving average price is $95.57 and its two-hundred day moving average price is $96.79. The firm has a market cap of $208.71 billion, a PE ratio of 44.25, a PEG ratio of 1.67 and a beta of 1.40. 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 0.38, a quick ratio of 0.66 and a current ratio of 0.72.

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.