Balanced Wealth Group LLC Acquires New Holdings in The Walt Disney Company (NYSE:DIS)

Balanced Wealth Group LLC acquired a new stake in The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,451 shares of the entertainment giant’s stock, valued at approximately $277,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Walt Disney by 1.1% during 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 purchasing an additional 114,701 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Walt Disney by 10.5% during the 4th quarter. Brookstone Capital Management now owns 140,883 shares of the entertainment giant’s stock worth $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC boosted its stake in shares of Walt Disney by 13.3% during the 4th quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after purchasing an additional 9,967 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Walt Disney during the 4th quarter worth about $15,125,000. Finally, Swedbank AB boosted its stake in shares of Walt Disney by 14.4% during the 4th quarter. Swedbank AB now owns 3,361,792 shares of the entertainment giant’s stock worth $374,336,000 after purchasing an additional 422,339 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup reiterated a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on shares of Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.64.

Walt Disney Stock Up 0.9 %

DIS stock opened at $98.79 on Thursday. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $178.60 billion, a P/E ratio of 32.18, a PEG ratio of 1.80 and a beta of 1.41. The firm has a 50 day simple moving average of $109.63 and a 200-day simple moving average of $104.36.

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

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.