Kinsale Capital Group Inc. purchased a new position in The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 43,226 shares of the entertainment giant's stock, valued at approximately $4,266,000.
A number of other hedge funds have also modified their holdings of DIS. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the fourth quarter worth $32,000. Copia Wealth Management acquired a new position in Walt Disney during the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the fourth quarter worth $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Walt Disney Price Performance
Shares of DIS traded down $1.11 on Monday, hitting $120.36. The company's stock had a trading volume of 6,037,764 shares, compared to its average volume of 7,090,401. The company has a market capitalization of $216.38 billion, a PE ratio of 24.61, a PEG ratio of 1.78 and a beta of 1.56. 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 fifty-two week low of $80.10 and a fifty-two week high of $124.69. The company has a 50 day moving average price of $118.13 and a 200 day moving average price of $107.42.
Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Insider Activity at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the business'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 value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.
Analyst Ratings Changes
Several brokerages have recently issued reports on DIS. Guggenheim raised their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Morgan Stanley lifted their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Finally, UBS Group lifted their price objective on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.13.
Get Our Latest Report on DIS
About Walt Disney
(
Free Report)
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.
Featured Stories
Before you consider Walt Disney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walt Disney wasn't on the list.
While Walt Disney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
