Providence Capital Advisors LLC Has $7.02 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Providence Capital Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,039 shares of the entertainment giant’s stock after purchasing an additional 526 shares during the period. Walt Disney comprises about 1.4% of Providence Capital Advisors LLC’s holdings, making the stock its 20th largest position. Providence Capital Advisors LLC’s holdings in Walt Disney were worth $7,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIS. FPC Investment Advisory Inc. acquired a new position in Walt Disney during the fourth quarter worth $28,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant’s stock worth $29,000 after acquiring an additional 124 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $34,000. Bay Harbor Wealth Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at approximately $35,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Down 0.3 %

DIS opened at $100.45 on Friday. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a market cap of $181.59 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. 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 has a 50 day simple moving average of $107.49 and a 200 day simple moving average of $105.01.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results 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 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DIS shares. Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group upped their target price on shares of Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley increased their target price 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. Redburn Atlantic upgraded Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $147.00 in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Six 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’s stock. According to MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $125.64.

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.