Peapack Gladstone Financial Corp Has $36.44 Million Position in The Walt Disney Company (NYSE:DIS)

Peapack Gladstone Financial Corp lessened its stake in The Walt Disney Company (NYSE:DIS) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,267 shares of the entertainment giant’s stock after selling 2,991 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Walt Disney were worth $36,441,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. United Bank grew its stake 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 buying an additional 712 shares in the last quarter. Morse Asset Management Inc grew its position in Walt Disney by 17.5% in the third quarter. Morse Asset Management Inc now owns 21,366 shares of the entertainment giant’s stock worth $2,055,000 after acquiring an additional 3,185 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Walt Disney by 12.1% during the 3rd quarter. Wellington Management Group LLP now owns 8,202,663 shares of the entertainment giant’s stock worth $789,014,000 after purchasing an additional 885,917 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Walt Disney by 19.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 177,495 shares of the entertainment giant’s stock valued at $17,073,000 after purchasing an additional 29,297 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Walt Disney by 8.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 494,632 shares of the entertainment giant’s stock valued at $47,579,000 after purchasing an additional 39,828 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a report on Monday, February 10th. Prescient Securities cut their price objective on Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Redburn Atlantic raised Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $130.00 price target on shares of Walt Disney in a research report on Wednesday, February 5th. Finally, Citigroup reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walt Disney in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.33.

Walt Disney Price Performance

Shares of DIS stock opened at $83.52 on Friday. The stock’s fifty day simple moving average is $105.68 and its 200 day simple moving average is $105.20. The Walt Disney Company has a one year low of $83.08 and a one year high of $118.63. The firm has a market cap of $150.99 billion, a price-to-earnings ratio of 27.21, a P/E/G 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.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 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%. On average, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.