Parnassus Investments LLC Buys 4,300 Shares of The Walt Disney Company (NYSE:DIS)

Parnassus Investments LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 0.6% in the third quarter, Holdings Channel reports. The fund owned 768,519 shares of the entertainment giant’s stock after acquiring an additional 4,300 shares during the quarter. Parnassus Investments LLC’s holdings in Walt Disney were worth $73,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. William B. Walkup & Associates Inc. bought a new stake in shares of Walt Disney in the second quarter valued at $32,000. Mascoma Wealth Management LLC increased its holdings in Walt Disney by 38.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after acquiring an additional 122 shares during the last quarter. First PREMIER Bank raised its stake in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 256 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in Walt Disney by 148.7% during the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after purchasing an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new position in Walt Disney during the third quarter worth about $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Walt Disney Trading Down 1.3 %

Shares of DIS stock opened at $113.55 on Tuesday. The business has a 50-day moving average price of $96.07 and a two-hundred day moving average price of $96.60. The Walt Disney Company has a 12-month low of $83.91 and a 12-month high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The firm has a market cap of $205.63 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.40.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Guggenheim boosted their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein raised their price target on Walt Disney from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. Loop Capital boosted their price objective on Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, TD Cowen increased their price objective on Walt Disney from $108.00 to $123.00 and gave the stock a “hold” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walt Disney has an average rating of “Moderate Buy” and an average price target of $123.83.

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.