Financial Gravity Asset Management Inc. Takes Position in The Walt Disney Company (NYSE:DIS)

Financial Gravity Asset Management Inc. acquired a new position in The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,191 shares of the entertainment giant's stock, valued at approximately $1,993,000.

Several other large investors also recently modified their holdings of the company. Planning Directions Inc. bought a new stake in Walt Disney during the first quarter valued at about $326,000. Trek Financial LLC grew its holdings in Walt Disney by 479.9% during the fourth quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant's stock valued at $4,044,000 after purchasing an additional 30,057 shares during the period. WoodTrust Financial Corp grew its holdings in Walt Disney by 6.7% during the first quarter. WoodTrust Financial Corp now owns 96,158 shares of the entertainment giant's stock valued at $9,491,000 after purchasing an additional 6,047 shares during the period. Bank of Stockton grew its holdings in Walt Disney by 4.4% during the first quarter. Bank of Stockton now owns 9,091 shares of the entertainment giant's stock valued at $897,000 after purchasing an additional 383 shares during the period. Finally, Rheos Capital Works Inc. grew its holdings in Walt Disney by 164.7% during the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant's stock valued at $39,026,000 after purchasing an additional 246,000 shares during the period. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DIS shares. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Rosenblatt Securities boosted their price objective on Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.35.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company's stock.

Walt Disney Trading Down 1.4%

DIS stock traded down $1.74 during midday trading on Friday, reaching $119.82. 6,107,624 shares of the company traded hands, compared to its average volume of 10,021,690. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The business has a 50 day moving average of $114.90 and a 200-day moving average of $106.70. The firm has a market capitalization of $215.41 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.78 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

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.