3,275 Shares in The Walt Disney Company (NYSE:DIS) Purchased by BIP Wealth LLC

BIP Wealth LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the 3rd quarter, Holdings Channel reports. The fund bought 3,275 shares of the entertainment giant’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. William B. Walkup & Associates Inc. acquired a new position in shares of Walt Disney during the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC boosted its stake in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank lifted its holdings in shares of Walt Disney by 98.1% during the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walt Disney in the third quarter valued at about $57,000. 65.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. UBS Group reduced their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America increased their target price on Walt Disney from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on Walt Disney from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Walt Disney Trading Down 1.0 %

Shares of DIS stock opened at $112.42 on Wednesday. The company has a market cap of $203.59 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $96.55 and its two-hundred day simple moving average is $96.60. The Walt Disney Company has a 1 year low of $83.91 and a 1 year high of $123.74.

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.