Analyst IMS Investment Management Services Ltd. Invests $518,000 in The Walt Disney Company (NYSE:DIS)

Analyst IMS Investment Management Services Ltd. bought a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 5,244 shares of the entertainment giant's stock, valued at approximately $518,000.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Walt Disney in the 4th quarter valued at $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Walt Disney by 1,900.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock valued at $638,699,000 after purchasing an additional 5,449,158 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Walt Disney by 75.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 10,858,108 shares of the entertainment giant's stock valued at $1,209,050,000 after purchasing an additional 4,680,930 shares during the period. Raymond James Financial Inc. purchased a new position in Walt Disney in the fourth quarter valued at about $358,151,000. Finally, Boston Partners acquired a new position in shares of Walt Disney during the fourth quarter worth about $350,707,000. Hedge funds and other 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 stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. UBS Group increased their target price on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays increased their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities boosted their target price on shares of Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Guggenheim decreased 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 note on Thursday, May 8th. Finally, Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Six equities 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's stock. According to data from MarketBeat, Walt Disney has an average rating of "Moderate Buy" and an average target price of $123.96.

Walt Disney Price Performance

Shares of DIS opened at $118.18 on Wednesday. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $120.50. 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 firm has a market cap of $212.46 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.75 and a beta of 1.54. The stock has a 50 day moving average of $102.86 and a 200-day moving average of $105.79.

Walt Disney (NYSE:DIS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the business posted $1.21 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.

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