BIP Wealth LLC Purchases New Position in The Walt Disney Company (NYSE:DIS)

BIP Wealth LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,275 shares of the entertainment giant’s stock, valued at approximately $315,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its position in Walt Disney by 8.4% in the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after purchasing an additional 5,184 shares during the period. Summit Global Investments grew its holdings in shares of Walt Disney by 476.0% during the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after buying an additional 10,230 shares in the last quarter. Lmcg Investments LLC boosted its position in shares of Walt Disney by 18.6% in the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock worth $14,174,000 after acquiring an additional 23,116 shares during the last quarter. American Assets Inc. acquired a new stake in Walt Disney during the 3rd quarter worth approximately $962,000. Finally, ICICI Prudential Asset Management Co Ltd increased its position in shares of Walt Disney by 92.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 92,938 shares of the entertainment giant’s stock worth $8,940,000 after acquiring an additional 44,535 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DIS shares. Macquarie increased their target price on Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. dropped their target price on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company lifted their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Barclays lowered their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Performance

NYSE:DIS opened at $112.42 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $203.59 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. 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 $96.55 and a 200 day moving average price of $96.60.

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.