Avantax Advisory Services Inc. Has $14.57 Million Position in The Walt Disney Company (NYSE:DIS)

Avantax Advisory Services Inc. raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,881 shares of the entertainment giant’s stock after buying an additional 8,450 shares during the period. Avantax Advisory Services Inc.’s holdings in Walt Disney were worth $14,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Impax Asset Management Group plc increased its stake in Walt Disney by 4.5% in the 3rd quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant’s stock valued at $61,948,000 after buying an additional 27,806 shares during the last quarter. United Bank grew its position in shares of Walt Disney by 6.2% in the 3rd quarter. United Bank now owns 12,145 shares of the entertainment giant’s stock valued at $1,168,000 after acquiring an additional 712 shares during the period. Assetmark Inc. grew its position in shares of Walt Disney by 6.2% in the 3rd quarter. Assetmark Inc. now owns 32,385 shares of the entertainment giant’s stock valued at $3,115,000 after acquiring an additional 1,903 shares during the period. Los Angeles Capital Management LLC grew its position in shares of Walt Disney by 44.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,363 shares of the entertainment giant’s stock valued at $1,285,000 after acquiring an additional 4,139 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Walt Disney by 7.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,580 shares of the entertainment giant’s stock valued at $633,000 after acquiring an additional 467 shares during the period. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Trading Up 0.9 %

Shares of NYSE DIS opened at $98.79 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The firm has a 50 day moving average price of $109.63 and a two-hundred day moving average price of $104.36. The stock has a market cap of $178.60 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

Walt Disney (NYSE:DIS) last announced its quarterly 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, equities analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. TD Cowen lifted their price objective on shares of Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Sanford C. Bernstein lifted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Redburn Atlantic raised shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Loop Capital lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.64.

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.