HighPoint Advisor Group LLC Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

HighPoint Advisor Group LLC grew its position in The Walt Disney Company (NYSE:DIS) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,344 shares of the entertainment giant’s stock after acquiring an additional 2,471 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Walt Disney were worth $8,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DIS. Family Legacy Inc. boosted its position in Walt Disney by 4.7% during the fourth quarter. Family Legacy Inc. now owns 14,109 shares of the entertainment giant’s stock worth $1,549,000 after acquiring an additional 628 shares during the last quarter. Seven Mile Advisory lifted its stake in Walt Disney by 21.3% in the 4th quarter. Seven Mile Advisory now owns 3,049 shares of the entertainment giant’s stock worth $340,000 after purchasing an additional 536 shares in the last quarter. Boston Research & Management Inc. boosted its holdings in shares of Walt Disney by 2.0% during the 4th quarter. Boston Research & Management Inc. now owns 47,108 shares of the entertainment giant’s stock worth $5,245,000 after purchasing an additional 937 shares during the last quarter. Summit Financial LLC grew its position in shares of Walt Disney by 13.7% in the fourth quarter. Summit Financial LLC now owns 34,099 shares of the entertainment giant’s stock valued at $3,813,000 after purchasing an additional 4,103 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at approximately $90,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.02 on Monday. The firm has a 50 day moving average of $107.31 and a two-hundred day moving average of $105.19. The stock has a market capitalization of $177.19 billion, a PE ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The Walt Disney Company has a 52 week low of $83.91 and a 52 week high of $123.69.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DIS. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Macquarie restated a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup reiterated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney 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.