Intellectus Partners LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)

Intellectus Partners LLC lifted its holdings in The Walt Disney Company (NYSE:DIS) by 6.2% in the 3rd quarter, Holdings Channel reports. The firm owned 23,414 shares of the entertainment giant’s stock after acquiring an additional 1,373 shares during the period. Intellectus Partners LLC’s holdings in Walt Disney were worth $2,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Transcendent Capital Group LLC lifted its stake in shares of Walt Disney by 1.4% during the first quarter. Transcendent Capital Group LLC now owns 7,912 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 108 shares during the period. ADE LLC boosted its holdings in shares of Walt Disney by 4.6% in 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. raised its position in shares of Walt Disney by 1.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after buying an additional 110 shares during the period. Absher Wealth Management LLC boosted its holdings in Walt Disney by 0.8% in the third quarter. Absher Wealth Management LLC now owns 14,141 shares of the entertainment giant’s stock valued at $1,360,000 after acquiring an additional 111 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its position in Walt Disney by 2.3% during the second quarter. Archford Capital Strategies LLC now owns 4,966 shares of the entertainment giant’s stock valued at $493,000 after acquiring an additional 112 shares during the period. 65.71% of the stock is owned by institutional investors.

Walt Disney Stock Performance

DIS stock opened at $109.13 on Friday. The firm has a market cap of $197.92 billion, a P/E ratio of 41.97, a P/E/G ratio of 1.67 and a beta of 1.40. The stock’s 50 day simple moving average is $94.62 and its 200 day simple moving average is $96.69. The company has a current ratio of 0.72, a quick ratio of 0.66 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.

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Loop Capital reduced their price objective on Walt Disney from $139.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Walt Disney in a research note on Wednesday, October 23rd. Evercore ISI upped their price target on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price target on Walt Disney from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Bank of America lowered their target price on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $119.14.

Walt Disney 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.