Apollon Wealth Management LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,322 shares of the entertainment giant's stock after purchasing an additional 6,549 shares during the quarter. Apollon Wealth Management LLC's holdings in Walt Disney were worth $6,151,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in Walt Disney in the fourth quarter worth approximately $27,000. Kessler Investment Group LLC raised its position in shares of 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 purchasing an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $39,000. 65.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on DIS. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Guggenheim upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. 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 research report on Monday, April 21st. Finally, Wall Street Zen raised Walt Disney from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.13.
Get Our Latest Stock Report on Walt Disney
Walt Disney Stock Performance
NYSE:DIS traded down $1.01 during trading on Friday, reaching $121.20. The company's stock had a trading volume of 5,143,490 shares, compared to its average volume of 9,978,950. The firm has a market cap of $217.88 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a 50 day moving average of $116.69 and a 200-day moving average of $106.94. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69.
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, 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 firm had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction dated 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 owned 46,831 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Walt Disney Profile
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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.
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