Cypress Capital Group Purchases 1,329 Shares of The Walt Disney Company (NYSE:DIS)

Cypress Capital Group boosted its position in The Walt Disney Company (NYSE:DIS) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,463 shares of the entertainment giant’s stock after purchasing an additional 1,329 shares during the period. Cypress Capital Group’s holdings in Walt Disney were worth $3,507,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its position in Walt Disney by 8.4% during the third quarter. Concurrent Investment Advisors LLC now owns 66,744 shares of the entertainment giant’s stock valued at $6,420,000 after buying an additional 5,184 shares during the period. Summit Global Investments increased its stake in shares of Walt Disney by 476.0% in the 3rd quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after purchasing an additional 10,230 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Walt Disney in the 3rd quarter worth $14,079,000. Lmcg Investments LLC lifted its position in Walt Disney by 18.6% during the third quarter. Lmcg Investments LLC now owns 147,353 shares of the entertainment giant’s stock valued at $14,174,000 after purchasing an additional 23,116 shares in the last quarter. Finally, American Assets Inc. bought a new stake in Walt Disney during the third quarter valued at about $962,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIS has been the topic of several recent research reports. Needham & Company LLC raised their price objective on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a report on Tuesday, October 1st. Guggenheim increased their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie lifted 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. Finally, Wells Fargo & Company upped their price target on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Stock Performance

NYSE DIS opened at $114.27 on Thursday. The business’s 50 day moving average price is $97.07 and its 200-day moving average price is $96.72. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market cap of $206.94 billion, a P/E ratio of 42.17, a P/E/G ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.73.

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.