SPC Financial Inc. Acquires 208 Shares of The Walt Disney Company (NYSE:DIS)

SPC Financial Inc. boosted its holdings in The Walt Disney Company (NYSE:DIS) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,589 shares of the entertainment giant’s stock after purchasing an additional 208 shares during the period. SPC Financial Inc.’s holdings in Walt Disney were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Atria Investments Inc grew its position in Walt Disney by 5.3% in the fourth quarter. Atria Investments Inc now owns 159,643 shares of the entertainment giant’s stock valued at $17,776,000 after purchasing an additional 8,024 shares in the last quarter. Assetmark Inc. grew its position in Walt Disney by 330.0% in the fourth quarter. Assetmark Inc. now owns 139,247 shares of the entertainment giant’s stock valued at $15,505,000 after purchasing an additional 106,862 shares in the last quarter. J.Safra Asset Management Corp grew its position in Walt Disney by 305.6% in the fourth quarter. J.Safra Asset Management Corp now owns 2,734 shares of the entertainment giant’s stock valued at $303,000 after purchasing an additional 2,060 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Walt Disney in the 4th quarter valued at about $293,000. Finally, Victory Capital Management Inc. grew its position in shares of Walt Disney by 12.0% in the 4th quarter. Victory Capital Management Inc. now owns 662,659 shares of the entertainment giant’s stock valued at $73,787,000 after acquiring an additional 71,141 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DIS shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, November 15th. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Jefferies Financial Group started coverage on shares of Walt Disney in a research report on Wednesday, December 4th. They issued a “hold” rating and a $120.00 price objective for the company. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.64.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $109.29 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 quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $110.56 and a two-hundred day simple moving average of $103.94. The stock has a market capitalization of $197.58 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $114.74, for a total value of $917,920.00. Following the completion of the transaction, the executive vice president now directly owns 44,055 shares in the company, valued at approximately $5,054,870.70. The trade was a 15.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.