The Walt Disney Company (NYSE:DIS) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in The Walt Disney Company (NYSE:DIS) by 65.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,389 shares of the entertainment giant’s stock after purchasing an additional 26,590 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Walt Disney were worth $6,482,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC lifted its position in Walt Disney by 4.4% during the 1st quarter. Quent Capital LLC now owns 7,766 shares of the entertainment giant’s stock worth $950,000 after acquiring an additional 327 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Walt Disney by 3.4% during the first quarter. Edgestream Partners L.P. now owns 3,876 shares of the entertainment giant’s stock worth $474,000 after purchasing an additional 128 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Walt Disney by 11.2% in the first quarter. Bessemer Group Inc. now owns 53,008 shares of the entertainment giant’s stock valued at $6,487,000 after purchasing an additional 5,327 shares during the period. Karpus Management Inc. acquired a new stake in Walt Disney during the 1st quarter valued at $271,000. Finally, Natixis Investment Managers International increased its stake in Walt Disney by 71.0% during the 1st quarter. Natixis Investment Managers International now owns 340,442 shares of the entertainment giant’s stock worth $41,656,000 after buying an additional 141,320 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $113.55 on Tuesday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a market cap of $205.63 billion, a PE ratio of 41.90, a P/E/G ratio of 1.85 and a beta of 1.40. The stock has a 50 day simple moving average of $96.07 and a 200-day simple moving average of $96.60. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

DIS has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Walt Disney from $116.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen raised their price objective on Walt Disney from $108.00 to $123.00 and gave the company a “hold” rating in a research note on Friday. Barclays cut their target price on Walt Disney from $130.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Macquarie upped their price target on shares of Walt Disney from $91.00 to $110.00 and gave the company a “neutral” rating in a report on Friday. Five 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

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.