Envestnet Asset Management Inc. Raises Position in The Walt Disney Company (NYSE:DIS)

Envestnet Asset Management Inc. lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,963,216 shares of the entertainment giant’s stock after acquiring an additional 282,760 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Walt Disney were worth $441,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its position in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the fourth quarter worth $32,000. Midwest Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Citigroup reiterated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a research note on Wednesday, January 22nd. Finally, Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.33.

Walt Disney Trading Down 6.0 %

Shares of DIS stock opened at $83.52 on Friday. The Walt Disney Company has a 1-year low of $83.08 and a 1-year high of $118.63. 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 business’s fifty day moving average price is $105.68 and its 200 day moving average price is $105.20. The firm has a market capitalization of $150.99 billion, a PE ratio of 27.21, a P/E/G ratio of 1.80 and a beta of 1.44.

Walt Disney (NYSE:DIS) last announced its quarterly 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 net margin of 6.07% and a return on equity of 9.95%. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

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.