Axxcess Wealth Management LLC Buys 2,290 Shares of The Walt Disney Company (NYSE:DIS)

Axxcess Wealth Management LLC grew its stake in The Walt Disney Company (NYSE:DIS) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,109 shares of the entertainment giant’s stock after purchasing an additional 2,290 shares during the period. Axxcess Wealth Management LLC’s holdings in Walt Disney were worth $7,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DIS. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $28,000. Tacita Capital Inc lifted its holdings in 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 buying an additional 124 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Walt Disney during the 4th quarter worth $34,000. Bay Harbor Wealth Management LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $35,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $39,000. 65.71% of the stock is currently owned by institutional investors.

Walt Disney Trading Up 0.8 %

Shares of NYSE:DIS opened at $99.43 on Tuesday. The Walt Disney Company has a 52-week low of $83.91 and a 52-week high of $123.74. The company has a market capitalization of $179.74 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The company has a 50-day simple moving average of $108.87 and a 200 day simple moving average of $104.52. 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 issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, February 5th. Morgan Stanley upped their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Macquarie restated a “neutral” rating and issued a $110.00 price objective on shares of Walt Disney in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.64.

About Walt Disney

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.