2,630 Shares in The Walt Disney Company (NYSE:DIS) Bought by Friday Financial

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

A number of other institutional investors have also added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc increased its holdings in shares of Walt Disney by 93.2% in the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney in the fourth quarter valued at $32,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on DIS. Rosenblatt Securities upped their price objective on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Guggenheim reduced their target price on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Loop Capital boosted their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, UBS Group boosted their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Stock Down 0.2%

Shares of NYSE DIS opened at $117.61 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The company has a market cap of $211.44 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.72 and a beta of 1.54. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $120.50. The stock has a 50-day moving average price of $104.69 and a two-hundred day moving average price of $105.73.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data 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 return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. As a group, analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Insider Activity

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction 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 represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.

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