Taurus Asset Management LLC Buys 6,354 Shares of The Walt Disney Company (NYSE:DIS)

Taurus Asset Management LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS) by 4.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 153,249 shares of the entertainment giant’s stock after acquiring an additional 6,354 shares during the period. Taurus Asset Management LLC’s holdings in Walt Disney were worth $14,741,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DIS. Bank of New York Mellon Corp boosted its holdings in Walt Disney by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 14,883,983 shares of the entertainment giant’s stock worth $1,477,831,000 after purchasing an additional 1,449,730 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Walt Disney by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant’s stock worth $1,417,958,000 after buying an additional 425,438 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Walt Disney by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,040,297 shares of the entertainment giant’s stock worth $1,473,252,000 after buying an additional 293,482 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Walt Disney by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 9,953,903 shares of the entertainment giant’s stock valued at $988,290,000 after acquiring an additional 102,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Walt Disney by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 7,197,458 shares of the entertainment giant’s stock valued at $714,806,000 after acquiring an additional 1,047,560 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DIS. Wells Fargo & Company boosted their price objective on Walt Disney from $116.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley raised their price objective on shares of Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI lifted their price objective on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus target price of $123.57.

Walt Disney Stock Up 5.5 %

DIS stock opened at $115.08 on Monday. The stock has a 50-day simple moving average of $95.57 and a two-hundred day simple moving average of $96.60. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The firm has a market capitalization of $208.71 billion, a PE ratio of 42.46, a PEG ratio of 1.87 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

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.