The Walt Disney Company (NYSE:DIS) Stock Holdings Increased by Platform Technology Partners

Platform Technology Partners boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 31.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,885 shares of the entertainment giant’s stock after purchasing an additional 2,136 shares during the period. Platform Technology Partners’ holdings in Walt Disney were worth $855,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Walt Disney by 0.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,464,176 shares of the entertainment giant’s stock valued at $429,409,000 after buying an additional 40,284 shares during the period. Patron Partners LLC acquired a new stake in Walt Disney during the third quarter valued at $215,000. Harbour Investments Inc. grew its stake in Walt Disney by 4.8% in the third quarter. Harbour Investments Inc. now owns 21,978 shares of the entertainment giant’s stock valued at $2,114,000 after purchasing an additional 1,012 shares in the last quarter. Jeppson Wealth Management LLC increased its position in Walt Disney by 0.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 48,677 shares of the entertainment giant’s stock worth $4,682,000 after purchasing an additional 358 shares during the last quarter. Finally, Opinicus Capital Inc. raised its stake in shares of Walt Disney by 8.0% during the 3rd quarter. Opinicus Capital Inc. now owns 9,378 shares of the entertainment giant’s stock worth $902,000 after purchasing an additional 697 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DIS shares. Wells Fargo & Company dropped their price objective on Walt Disney from $136.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Raymond James restated a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Loop Capital reduced their price objective on shares of Walt Disney from $139.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Walt Disney in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

Walt Disney Price Performance

Shares of Walt Disney stock opened at $100.88 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market cap of $182.95 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. The firm has a fifty day moving average price of $94.11 and a two-hundred day moving average price of $96.73. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74.

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.