Tower Research Capital LLC TRC Purchases 51,035 Shares of The Walt Disney Company (NYSE:DIS)

Tower Research Capital LLC TRC raised its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 50.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,505 shares of the entertainment giant's stock after purchasing an additional 51,035 shares during the period. Tower Research Capital LLC TRC's holdings in Walt Disney were worth $16,870,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney in the fourth quarter worth about $28,000. Tacita Capital Inc lifted its stake in 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney in the fourth quarter worth $32,000. Midwest Capital Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $34,000. Finally, Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 2.8 %

Walt Disney stock traded up $2.46 during mid-day trading on Thursday, hitting $89.75. The company's stock had a trading volume of 5,743,705 shares, compared to its average volume of 10,065,611. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $118.63. The company has a market cap of $162.25 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44. 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 firm's 50 day moving average is $97.80 and its 200 day moving average is $104.20.

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%. On average, analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DIS shares. Morgan Stanley increased their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Monday. Citigroup reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, January 22nd. Prescient Securities cut their price objective on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Redburn Atlantic upgraded shares of Walt Disney from a "neutral" rating to a "buy" rating and raised their price target for the company 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 assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price 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.