Prudential Financial Inc. Buys 651,004 Shares of The Walt Disney Company (NYSE:DIS)

Prudential Financial Inc. grew its holdings in shares of The Walt Disney Company (NYSE:DIS) by 40.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,257,340 shares of the entertainment giant’s stock after purchasing an additional 651,004 shares during the quarter. Prudential Financial Inc.’s holdings in Walt Disney were worth $251,355,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth $28,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter worth about $34,000. Bay Harbor Wealth Management LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $35,000. Finally, Vision Financial Markets LLC purchased a new stake in Walt Disney during the 4th quarter valued at about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Up 0.7 %

Shares of NYSE DIS opened at $99.51 on Monday. The company has a market capitalization of $179.89 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The company has a 50 day simple moving average of $108.04 and a 200-day simple moving average of $104.78. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DIS shares. Prescient Securities decreased their target price on Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group raised their target price on Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research note on Wednesday, February 5th. 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. Finally, Loop Capital increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.