Baker Avenue Asset Management LP Purchases 2,531 Shares of The Walt Disney Company (NYSE:DIS)

Baker Avenue Asset Management LP boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 105.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,937 shares of the entertainment giant’s stock after purchasing an additional 2,531 shares during the period. Baker Avenue Asset Management LP’s holdings in Walt Disney were worth $475,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC lifted its holdings in Walt Disney by 1.4% during the 1st quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after purchasing an additional 108 shares during the last quarter. ADE LLC lifted its holdings in Walt Disney by 4.6% during the 2nd quarter. ADE LLC now owns 2,509 shares of the entertainment giant’s stock valued at $249,000 after purchasing an additional 110 shares during the last quarter. Cozad Asset Management Inc. lifted its holdings in Walt Disney by 1.9% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock valued at $579,000 after purchasing an additional 110 shares during the last quarter. Absher Wealth Management LLC lifted its holdings in Walt Disney by 0.8% during the 3rd quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after purchasing an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in Walt Disney by 2.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after purchasing an additional 112 shares during the last quarter. 65.71% of the stock is owned by institutional investors.

Walt Disney Trading Up 1.9 %

Shares of Walt Disney stock opened at $100.88 on Tuesday. The company has a market capitalization of $182.95 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 1.58 and a beta of 1.40. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.38. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The firm’s 50-day moving average price is $93.90 and its two-hundred day moving average price is $96.81.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI dropped their target price on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price target for the company. Seaport Res Ptn raised shares of Walt Disney from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Barclays dropped their price target on shares of Walt Disney from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley dropped their price target on shares of Walt Disney from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.05.

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.