Friday Financial Invests $257,000 in The Walt Disney Company (NYSE:DIS)

Friday Financial purchased a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,630 shares of the entertainment giant's stock, valued at approximately $257,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Walt Disney by 7.7% during the 4th quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock worth $2,980,000 after buying an additional 1,904 shares during the period. Navellier & Associates Inc. boosted its position in Walt Disney by 21.4% during the 4th quarter. Navellier & Associates Inc. now owns 6,871 shares of the entertainment giant's stock worth $765,000 after buying an additional 1,210 shares during the period. Richardson Capital Management LLC boosted its position in Walt Disney by 1,111.1% during the 4th quarter. Richardson Capital Management LLC now owns 436 shares of the entertainment giant's stock worth $49,000 after buying an additional 400 shares during the period. Fisher Funds Management LTD acquired a new stake in Walt Disney during the 4th quarter worth approximately $2,240,000. Finally, FPC Investment Advisory Inc. acquired a new stake in Walt Disney during the 4th quarter worth approximately $28,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Walt Disney Trading Up 1.9%

Shares of NYSE:DIS traded up $2.22 during mid-day trading on Thursday, hitting $121.64. The company had a trading volume of 10,430,866 shares, compared to its average volume of 10,097,587. The firm has a fifty day moving average price of $107.50 and a 200 day moving average price of $105.97. The company has a market capitalization of $218.69 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.61. The Walt Disney Company has a one year low of $80.10 and a one year high of $121.66.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DIS shares. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Morgan Stanley raised their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Rosenblatt Securities raised their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Barclays raised their price target on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.96.

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.