AlphaCore Capital LLC Purchases 8,082 Shares of The Walt Disney Company (NYSE:DIS)

Key Points

• AlphaCore Capital LLC increased its stake in Walt Disney by 175.4%, acquiring an additional 8,082 shares in the 1st quarter, raising its total ownership to 12,689 shares valued at approximately $1.25 million.
• Other institutional investors, including Mitsubishi UFJ Asset Management Co. Ltd. and Headlands Technologies LLC, also expanded their positions in Disney, demonstrating increased confidence in the company's prospects.
• Analysts have raised their target prices for Disney, with Morgan Stanley and Guggenheim setting new targets at $140, reflecting positive sentiment towards the company's future performance.

AlphaCore Capital LLC raised its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 175.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,689 shares of the entertainment giant's stock after acquiring an additional 8,082 shares during the quarter. AlphaCore Capital LLC's holdings in Walt Disney were worth $1,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Walt Disney by 11.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,436,890 shares of the entertainment giant's stock worth $339,221,000 after acquiring an additional 350,750 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Walt Disney by 2.0% during the 1st quarter. Ironwood Investment Counsel LLC now owns 53,588 shares of the entertainment giant's stock valued at $5,289,000 after buying an additional 1,029 shares during the last quarter. Arjuna Capital purchased a new position in shares of Walt Disney during the 1st quarter valued at about $1,261,000. Headlands Technologies LLC grew its position in shares of Walt Disney by 2,649.2% during the 1st quarter. Headlands Technologies LLC now owns 30,654 shares of the entertainment giant's stock valued at $3,026,000 after acquiring an additional 29,539 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Walt Disney by 3.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,436,181 shares of the entertainment giant's stock valued at $240,451,000 after acquiring an additional 78,394 shares during the period. Institutional investors own 65.71% of the company's stock.

Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Walt Disney Stock Performance

NYSE DIS opened at $112.40 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.61. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a market capitalization of $202.07 billion, a PE ratio of 17.62, a P/E/G ratio of 1.62 and a beta of 1.56. The company has a fifty day moving average of $119.16 and a two-hundred day moving average of $108.01.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The company had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analysts Set New Price Targets

DIS has been the topic of a number of analyst reports. Morgan Stanley raised their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Guggenheim raised their target price on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised their target price on Walt Disney from $130.00 to $138.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group upgraded Walt Disney from a "hold" rating to a "buy" rating and raised their target price for the company from $100.00 to $144.00 in a research report on Monday, June 30th. Finally, Loop Capital lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.14.

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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