Aspire Growth Partners LLC Takes Position in The Walt Disney Company (NYSE:DIS)

Aspire Growth Partners LLC bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,462 shares of the entertainment giant's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Walt Disney by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 10.4% in the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock valued at $2,476,693,000 after buying an additional 2,096,431 shares in the last quarter. Norges Bank bought a new position in Walt Disney in the fourth quarter valued at about $2,415,427,000. Jennison Associates LLC boosted its stake in shares of Walt Disney by 23.4% in the 4th quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after purchasing an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after buying an additional 2,300,912 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of Walt Disney stock traded down $0.39 during trading hours on Monday, reaching $92.10. The company's stock had a trading volume of 10,224,320 shares, compared to its average volume of 10,124,503. The firm has a 50 day moving average price of $95.08 and a 200-day moving average price of $104.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The stock has a market cap of $166.50 billion, a P/E ratio of 30.00, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a one year low of $80.10 and a one year high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating analysts' consensus estimates 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, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Morgan Stanley boosted their target price 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 reaffirmed a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Macquarie reiterated a "neutral" rating and set a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Finally, Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and raised their target price for the stock from $100.00 to $147.00 in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.75.

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.