Broadway Wealth Solutions Inc. Makes New $333,000 Investment in The Walt Disney Company (NYSE:DIS)

Broadway Wealth Solutions Inc. acquired a new position in The Walt Disney Company (NYSE:DIS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,989 shares of the entertainment giant’s stock, valued at approximately $333,000.

Several other institutional investors have also made changes to their positions in DIS. New Age Alpha Advisors LLC grew its position in Walt Disney by 30,487.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 25,999 shares of the entertainment giant’s stock worth $2,895,000 after acquiring an additional 25,914 shares in the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in Walt Disney during the fourth quarter worth $12,248,000. Providence Capital Advisors LLC raised its position in shares of Walt Disney by 0.8% during the fourth quarter. Providence Capital Advisors LLC now owns 63,039 shares of the entertainment giant’s stock valued at $7,019,000 after buying an additional 526 shares during the last quarter. Norges Bank acquired a new stake in Walt Disney during the fourth quarter worth about $2,415,427,000. Finally, Caisse Des Depots ET Consignations bought a new position in Walt Disney during the fourth quarter valued at about $969,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DIS. 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. Redburn Atlantic upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $147.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Walt Disney from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research report on Monday, February 10th. Finally, Morgan Stanley lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Walt Disney Stock Performance

NYSE DIS opened at $100.45 on Friday. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm has a 50-day moving average price of $107.49 and a two-hundred day moving average price of $105.01. The company has a market capitalization of $181.59 billion, a P/E ratio of 32.72, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (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%. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current 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.