Cary Street Partners Financial LLC Invests $11.05 Million in The Walt Disney Company (NYSE:DIS)

Cary Street Partners Financial LLC acquired a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 99,238 shares of the entertainment giant's stock, valued at approximately $11,050,000.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of Walt Disney by 21.5% during the fourth quarter. Nordea Investment Management AB now owns 1,693,316 shares of the entertainment giant's stock worth $188,195,000 after purchasing an additional 299,604 shares during the period. Iowa State Bank increased its stake in Walt Disney by 1.5% in the 4th quarter. Iowa State Bank now owns 24,320 shares of the entertainment giant's stock worth $2,708,000 after purchasing an additional 368 shares in the last quarter. Canandaigua National Trust Co of Florida raised its holdings in Walt Disney by 46.1% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 3,726 shares of the entertainment giant's stock worth $415,000 after buying an additional 1,176 shares during the period. Diversified Trust Co lifted its stake in Walt Disney by 6.8% during the fourth quarter. Diversified Trust Co now owns 19,048 shares of the entertainment giant's stock valued at $2,121,000 after buying an additional 1,206 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 4.5% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,920 shares of the entertainment giant's stock worth $325,000 after buying an additional 126 shares during the period. Institutional investors own 65.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIS shares. The Goldman Sachs Group boosted their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. UBS Group reduced their target price on Walt Disney from $130.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Redburn Atlantic raised Walt Disney from a "neutral" rating to a "buy" rating and upped their price target for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a research report on Tuesday, April 22nd. Finally, Morgan Stanley upped their target price on Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.75.

Walt Disney Stock Performance

Shares of Walt Disney stock traded up $0.09 during midday trading on Tuesday, hitting $92.20. The company had a trading volume of 11,789,668 shares, compared to its average volume of 10,106,690. The stock has a market cap of $166.68 billion, a PE ratio of 30.03, a P/E/G ratio of 1.80 and a beta of 1.49. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The business's 50 day simple moving average is $94.31 and its two-hundred day simple moving average is $104.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.07% and a return on equity of 9.95%. As a group, equities analysts predict that The Walt Disney Company will post 5.47 EPS 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.