Alps Advisors Inc. purchased a new stake in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,938 shares of the entertainment giant’s stock, valued at approximately $322,000.
A number of other institutional investors also recently modified their holdings of DIS. Litman Gregory Asset Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $25,000. Contravisory Investment Management Inc. increased its stake in shares of Walt Disney by 176.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 261 shares during the period. Watermark Asset Management Inc. increased its stake in shares of Walt Disney by 52.2% in the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock worth $49,000 after acquiring an additional 153 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $52,000. Finally, Highwater Wealth Management LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $56,000. Institutional investors and hedge funds own 64.61% of the company’s stock.
DIS opened at $132.04 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a market cap of $193.89 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.22 and a beta of 0.91. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $132.70.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Imperial Capital raised their price target on shares of Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research report on Monday. Rosenblatt Securities restated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research report on Monday, April 8th. Finally, Goldman Sachs Group initiated coverage on shares of Walt Disney in a research report on Thursday, April 4th. They set a “buy” rating and a $142.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $130.20.
In other Walt Disney news, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at $3,032,218.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,000 shares of company stock worth $4,708,940. Insiders own 0.36% of the company’s stock.
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About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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