BNP Paribas Increases Position in The Walt Disney Company (NYSE:DIS)

BNP Paribas raised its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,922 shares of the entertainment giant's stock after purchasing an additional 14,603 shares during the period. Walt Disney makes up approximately 1.6% of BNP Paribas' holdings, making the stock its 18th largest holding. BNP Paribas' holdings in Walt Disney were worth $36,965,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Trek Financial LLC grew its position in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after acquiring an additional 30,057 shares during the last quarter. Brookstone Capital Management grew its holdings 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 valued at $15,687,000 after purchasing an additional 13,339 shares during the last quarter. Greystone Financial Group LLC raised its position in Walt Disney by 13.3% in 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 period. Avanza Fonder AB bought a new stake in Walt Disney in the fourth quarter worth $15,125,000. Finally, FourThought Financial Partners LLC purchased a new stake in Walt Disney during the fourth quarter valued at about $446,000. Institutional investors own 65.71% of the company's stock.

Walt Disney Stock Up 1.9 %

Shares of Walt Disney stock opened at $92.52 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. 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 company has a 50-day moving average of $95.08 and a 200 day moving average of $104.07. The firm has a market cap of $167.26 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last released its 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 net margin of 6.07% and a return on equity of 9.95%. As a group, sell-side analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Macquarie reaffirmed a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research note on Monday, January 6th. Prescient Securities dropped their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $135.00 target price on shares of Walt Disney in a research note on Monday, February 10th. Finally, UBS Group dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Company 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.

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