Connors Investor Services Inc. Purchases 39,767 Shares of The Walt Disney Company (NYSE:DIS)

Connors Investor Services Inc. raised its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,407 shares of the entertainment giant's stock after acquiring an additional 39,767 shares during the quarter. Connors Investor Services Inc.'s holdings in Walt Disney were worth $14,521,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $28,000. Tacita Capital Inc lifted its holdings in shares of Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney in the fourth quarter worth $32,000. Midwest Capital Advisors LLC acquired a new stake in Walt Disney in the fourth quarter valued at $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Walt Disney during the 4th quarter worth $35,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Up 1.9 %

Shares of NYSE:DIS traded up $1.71 during midday trading on Friday, hitting $92.52. 7,591,072 shares of the company's stock were exchanged, compared to its average volume of 10,124,078. 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 Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $118.63. The company has a market cap of $167.26 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The stock has a 50 day moving average price of $95.08 and a 200-day moving average price of $104.07.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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, sell-side analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Macquarie reiterated a "neutral" rating and issued a $110.00 price target on shares of Walt Disney in a research report on Monday, January 6th. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and upped their target price for the company from $100.00 to $147.00 in a report on Tuesday, January 7th. Prescient Securities lowered their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Six equities 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, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.75.

Walt Disney 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.