Alps Advisors Inc. Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Alps Advisors Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 135.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,849 shares of the entertainment giant's stock after buying an additional 5,095 shares during the quarter. Alps Advisors Inc.'s holdings in Walt Disney were worth $873,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Waterloo Capital L.P. lifted its position in Walt Disney by 3.2% during the fourth quarter. Waterloo Capital L.P. now owns 3,138 shares of the entertainment giant's stock valued at $349,000 after purchasing an additional 97 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Walt Disney by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 22,658 shares of the entertainment giant's stock valued at $2,523,000 after buying an additional 98 shares in the last quarter. Acorns Advisers LLC grew its stake in shares of Walt Disney by 2.6% during the 4th quarter. Acorns Advisers LLC now owns 3,826 shares of the entertainment giant's stock valued at $426,000 after acquiring an additional 98 shares during the period. Allegheny Financial Group grew its stake in shares of Walt Disney by 2.3% during the 4th quarter. Allegheny Financial Group now owns 4,624 shares of the entertainment giant's stock valued at $515,000 after acquiring an additional 106 shares during the period. Finally, 1620 Investment Advisors Inc. raised its stake in Walt Disney by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 6,236 shares of the entertainment giant's stock worth $694,000 after acquiring an additional 108 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim increased their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a research note on Thursday, May 8th. Morgan Stanley increased their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $144.00 in a report on Monday, June 30th. Finally, Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.35.

Insider Activity

In related news, EVP Brent Woodford sold 1,000 shares of the firm'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 transaction, the executive vice president owned 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. Corporate insiders own 0.16% of the company's stock.

Walt Disney Price Performance

DIS stock opened at $119.82 on Monday. The stock has a market cap of $215.41 billion, a PE ratio of 24.50, a P/E/G ratio of 1.75 and a beta of 1.56. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a 50-day moving average price of $114.90 and a 200 day moving average price of $106.62. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $23.15 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Walt Disney's revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

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.

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