Life Planning Partners Inc Buys New Stake in The Walt Disney Company (NYSE:DIS)

Life Planning Partners Inc purchased a new position in shares of The Walt Disney Company (NYSE:DIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,827 shares of the entertainment giant’s stock, valued at approximately $2,542,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farmers Trust Co. boosted its holdings in Walt Disney by 1.1% during the 4th quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant’s stock valued at $945,000 after acquiring an additional 92 shares during the period. Pathway Financial Advisors LLC boosted its stake in shares of Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant’s stock valued at $386,000 after purchasing an additional 92 shares during the period. Prossimo Advisors LLC increased its stake in Walt Disney by 1.1% during the 4th quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant’s stock worth $972,000 after buying an additional 92 shares during the period. Saxon Interests Inc. lifted its holdings in Walt Disney by 2.8% during the 4th quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant’s stock worth $380,000 after buying an additional 93 shares in the last quarter. Finally, Onefund LLC lifted its holdings in Walt Disney by 2.0% during the 4th quarter. Onefund LLC now owns 4,856 shares of the entertainment giant’s stock worth $541,000 after buying an additional 93 shares in the last quarter. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney Price Performance

Shares of DIS opened at $98.02 on Friday. The company has a market capitalization of $177.19 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.69. The firm has a 50-day simple moving average of $107.31 and a 200-day simple moving average of $105.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Walt Disney in a research report on Wednesday, December 4th. They set a “hold” rating and a $120.00 price objective on the stock. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $147.00 in a report on Tuesday, January 7th. Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.