Blue Capital Inc. Buys Shares of 33,500 The Walt Disney Company (NYSE:DIS)

by · The Cerbat Gem

Blue Capital Inc. purchased a new position in shares of The Walt Disney Company (NYSE:DIS – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 33,500 shares of the entertainment giant’s stock, valued at approximately $3,730,000. Walt Disney accounts for 2.6% of Blue Capital Inc.’s holdings, making the stock its 4th largest position.

Several other hedge funds have also made changes to their positions in the stock. Brevan Howard Capital Management LP acquired a new position in Walt Disney during the 4th quarter valued at about $3,522,000. Bridgefront Capital LLC bought a new position in shares of Walt Disney in the fourth quarter worth $2,952,000. Captrust Financial Advisors increased its holdings in shares of Walt Disney by 5.3% during the fourth quarter. Captrust Financial Advisors now owns 245,967 shares of the entertainment giant’s stock valued at $27,388,000 after purchasing an additional 12,277 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at about $11,050,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in Walt Disney in the fourth quarter worth about $156,142,000. Institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Up 1.9 %

DIS stock opened at $92.52 on Monday. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. 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 business’s 50 day moving average is $95.08 and its 200-day moving average is $104.12. The firm has a market cap of $167.26 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Equities analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Walt Disney from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a research note on Monday, February 10th. Prescient Securities reduced their price objective on shares of Walt Disney from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Walt Disney in a report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.75.

View Our Latest Analysis on DIS

About Walt Disney

(Free Report)

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.

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