Argent Advisors Inc. Acquires 2,403 Shares of The Walt Disney Company (NYSE:DIS)

Argent Advisors Inc. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,713 shares of the entertainment giant's stock after purchasing an additional 2,403 shares during the period. Argent Advisors Inc.'s holdings in Walt Disney were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DIS. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter worth $2,415,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Walt Disney by 1,900.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,735,961 shares of the entertainment giant's stock worth $638,699,000 after acquiring an additional 5,449,158 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 worth $1,209,050,000 after acquiring an additional 4,680,930 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth $358,151,000. Finally, Boston Partners bought a new stake in shares of Walt Disney in the fourth quarter worth $350,707,000. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

DIS has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. UBS Group boosted their price target on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a report on Monday, April 21st. Morgan Stanley boosted their price objective on Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Barclays boosted their price objective on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six 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. According to data from MarketBeat, Walt Disney has a consensus rating of "Moderate Buy" and a consensus price target of $124.79.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 1,000 shares of the company's 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 transaction, the executive vice president now owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Walt Disney Trading Up 0.8%

Shares of NYSE DIS opened at $122.39 on Monday. The business's 50 day moving average is $108.25 and its two-hundred day moving average is $105.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 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 $124.93. The stock has a market capitalization of $220.02 billion, a P/E ratio of 25.03, a PEG ratio of 1.79 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share 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 company had revenue of $23.62 billion for the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the previous year, the firm 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, research analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.