Baker Avenue Asset Management LP Purchases 2,531 Shares of The Walt Disney Company (NYSE:DIS)

Baker Avenue Asset Management LP grew its position in shares of The Walt Disney Company (NYSE:DIS) by 105.2% in the 3rd quarter, Holdings Channel reports. The firm owned 4,937 shares of the entertainment giant’s stock after acquiring an additional 2,531 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Walt Disney were worth $475,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in Walt Disney during the 1st quarter worth approximately $31,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $32,000. Mascoma Wealth Management LLC grew its position in shares of Walt Disney by 38.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. First PREMIER Bank grew its position in shares of Walt Disney by 98.1% during the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of Walt Disney by 78.2% during the 1st quarter. J.Safra Asset Management Corp now owns 540 shares of the entertainment giant’s stock worth $66,000 after buying an additional 237 shares during the period. Institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Macquarie reduced their price objective on shares of Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. UBS Group reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research report on Tuesday, October 1st. Evercore ISI reduced their price target on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Barclays reduced their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

Walt Disney Trading Up 1.9 %

NYSE DIS opened at $100.88 on Tuesday. The stock has a market capitalization of $182.95 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 1.58 and a beta of 1.40. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business’s fifty day moving average is $93.90 and its 200-day moving average is $96.81.

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.