Raymond James Financial Inc. Acquires New Position in The Walt Disney Company (NYSE:DIS)

Raymond James Financial Inc. acquired a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,216,441 shares of the entertainment giant’s stock, valued at approximately $358,151,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Walt Disney by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,411,205 shares of the entertainment giant’s stock worth $1,001,454,000 after buying an additional 114,701 shares during the period. Brookstone Capital Management lifted its position in shares of Walt Disney by 10.5% during the fourth quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after acquiring an additional 13,339 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Walt Disney by 476.0% in the third quarter. Summit Global Investments now owns 12,379 shares of the entertainment giant’s stock worth $1,191,000 after acquiring an additional 10,230 shares during the period. Greystone Financial Group LLC grew its position in shares of Walt Disney by 13.3% in the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock valued at $9,486,000 after purchasing an additional 9,967 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of Walt Disney during the 4th quarter valued at $15,125,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Down 3.5 %

DIS opened at $105.47 on Friday. The company has a market cap of $190.66 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The business’s 50-day moving average price is $110.42 and its 200-day moving average price is $103.95. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, beating 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 analysts expect that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

DIS has been the subject of several analyst reports. Morgan Stanley raised their target price on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. 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. Finally, Loop Capital boosted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney currently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the transaction, the executive vice president now owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by company insiders.

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.