Stevens Capital Management LP Purchases New Shares in The Walt Disney Company (NYSE:DIS)

Stevens Capital Management LP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 10,483 shares of the entertainment giant’s stock, valued at approximately $1,167,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter valued at $28,000. Tacita Capital Inc increased its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Walt Disney during the 4th quarter valued at $34,000. Bay Harbor Wealth Management LLC acquired a new stake in Walt Disney during the 4th quarter valued at $35,000. Finally, Vision Financial Markets LLC acquired a new stake in Walt Disney during the 4th quarter valued at $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DIS. Morgan Stanley increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Loop Capital increased their price objective on Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Prescient Securities decreased their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

DIS opened at $99.51 on Friday. The business’s 50-day moving average price is $108.04 and its two-hundred day moving average price is $104.67. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74. The company has a market capitalization of $179.89 billion, a price-to-earnings 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.

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

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.