Homestead Advisers Corp Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Homestead Advisers Corp boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 769,900 shares of the entertainment giant’s stock after buying an additional 29,300 shares during the period. Walt Disney makes up approximately 2.1% of Homestead Advisers Corp’s holdings, making the stock its 18th largest holding. Homestead Advisers Corp’s holdings in Walt Disney were worth $85,728,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. AssuredPartners Investment Advisors LLC bought a new stake in shares of Walt Disney in the 4th quarter worth about $647,000. NEOS Investment Management LLC raised its position in Walt Disney by 11.6% in the 4th quarter. NEOS Investment Management LLC now owns 95,792 shares of the entertainment giant’s stock worth $10,666,000 after purchasing an additional 9,946 shares during the period. UniSuper Management Pty Ltd lifted its stake in Walt Disney by 5.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 453,921 shares of the entertainment giant’s stock worth $50,544,000 after purchasing an additional 22,169 shares during the last quarter. Sava Infond d.o.o. purchased a new position in shares of Walt Disney during the fourth quarter valued at approximately $2,714,000. Finally, WINTON GROUP Ltd bought a new position in shares of Walt Disney during the fourth quarter valued at approximately $3,624,000. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $130.00 target price on shares of Walt Disney in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of Walt Disney from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Prescient Securities dropped their target price on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Performance

Shares of DIS opened at $100.65 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $181.95 billion, a PE ratio of 32.79, a P/E/G ratio of 1.80 and a beta of 1.41. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74. The stock has a fifty day moving average price of $107.61 and a 200-day moving average price of $105.04.

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

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.