Adams Diversified Equity Fund Inc. Takes $9.68 Million Position in The Walt Disney Company (NYSE:DIS)

Adams Diversified Equity Fund Inc. bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 98,100 shares of the entertainment giant's stock, valued at approximately $9,682,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Walt Disney by 7.7% in 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. Y Intercept Hong Kong Ltd purchased a new position in shares of Walt Disney during the 4th quarter valued at about $2,705,000. Colonial River Investments LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at $253,000. WealthShield Partners LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $212,000. Finally, IFP Advisors Inc boosted its stake in shares of Walt Disney by 83.2% during the fourth quarter. IFP Advisors Inc now owns 39,427 shares of the entertainment giant's stock valued at $4,390,000 after purchasing an additional 17,910 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Trading Up 0.7%

DIS stock traded up $0.88 during midday trading on Wednesday, hitting $119.53. 6,972,774 shares of the company's stock were exchanged, compared to its average volume of 10,097,293. 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 stock has a market capitalization of $214.89 billion, a PE ratio of 24.44, a P/E/G ratio of 1.73 and a beta of 1.54. The business has a 50-day simple moving average of $106.03 and a two-hundred day simple moving average of $105.83. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50.

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

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the 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 transaction, the executive vice president now directly owns 46,831 shares of the company's stock, valued at $5,190,748.04. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DIS has been the topic of several research analyst reports. Morgan Stanley boosted their target price on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Barclays raised their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital raised their price target 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 set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Monday, April 21st. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.96.

About Walt Disney

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.