Artemis Investment Management LLP purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 104,403 shares of the entertainment giant's stock, valued at approximately $10,305,000.
Several other institutional investors have also added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $27,000. Tacita Capital Inc boosted its stake in shares of Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Walt Disney during the 4th quarter valued at about $32,000. Copia Wealth Management bought a new stake in shares of Walt Disney during the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Guggenheim lifted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Friday. Rosenblatt Securities lifted their price target on shares of Walt Disney from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. UBS Group lifted their price target on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays lifted their price target 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. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.79.
Read Our Latest Analysis on DIS
Insider Activity
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company's stock.
Walt Disney Stock Performance
Shares of DIS stock traded up $0.93 during trading hours on Friday, reaching $122.39. The company had a trading volume of 13,368,267 shares, compared to its average volume of 10,072,401. The business has a fifty day moving average price of $108.25 and a 200-day moving average price of $105.96. The Walt Disney Company has a one year low of $80.10 and a one year high of $122.94. The firm has a market cap of $220.02 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results 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 net margin of 9.47% and a return on equity of 9.99%. The business had revenue of $23.62 billion for the quarter, compared to the consensus estimate of $23.15 billion. During the same period last year, the firm earned $1.21 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
About Walt Disney
(
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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