Joseph Group Capital Management Purchases Shares of 500 The Walt Disney Company (NYSE:DIS)

Joseph Group Capital Management acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 500 shares of the entertainment giant’s stock, valued at approximately $56,000.

A number of other large investors have also recently made changes to their positions in DIS. State Street Corp lifted its position in Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant’s stock worth $7,463,978,000 after acquiring an additional 490,681 shares during the period. Geode Capital Management LLC raised its stake in shares of Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant’s stock worth $3,609,833,000 after purchasing an additional 1,393,082 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney during the fourth quarter worth about $2,415,427,000. Jennison Associates LLC boosted its position in Walt Disney by 23.4% in the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant’s stock valued at $2,137,637,000 after buying an additional 3,636,742 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Walt Disney by 15.5% in the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant’s stock worth $1,904,563,000 after buying an additional 2,300,912 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIS. Prescient Securities dropped their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Loop Capital increased their price target on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group initiated coverage on Walt Disney in a research note on Wednesday, December 4th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Morgan Stanley boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Six equities research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.64.

Walt Disney Stock Performance

Shares of DIS stock opened at $98.02 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market cap of $177.19 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.80 and a beta of 1.41. The firm’s 50 day moving average price is $107.31 and its 200-day moving average price is $105.07. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.69.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping 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%. As a group, equities research analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.

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.