Assetmark Inc. Has $15.39 Million Holdings in The Walt Disney Company (NYSE:DIS)

Key Points

• Assetmark Inc. increased its stake in The Walt Disney Company by 11.9%, holding 155,875 shares valued at approximately $15.4 million as of the latest SEC filing.
• Other institutional investors, including DZ BANK and Arrowstreet Capital, also significantly increased their positions, with ownership now at 65.71% by institutional investors.
• Analyst ratings for Disney have been largely positive, with 19 "buy" ratings and an average price target of $128.13, indicating strong market confidence.

Assetmark Inc. lifted its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,875 shares of the entertainment giant's stock after purchasing an additional 16,628 shares during the period. Assetmark Inc.'s holdings in Walt Disney were worth $15,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the 4th quarter worth approximately $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney in the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new stake in Walt Disney in the 4th quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Walt Disney in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DIS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities lifted their price objective on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th. Wolfe Research upgraded 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. Finally, Morgan Stanley upped their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $128.70.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the 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 completion of the transaction, the executive vice president owned 46,831 shares of the company's stock, 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 at this hyperlink. Corporate insiders own 0.16% of the company's stock.

Walt Disney Stock Down 0.2%

DIS stock traded down $0.23 during midday trading on Wednesday, reaching $119.68. The company had a trading volume of 944,653 shares, compared to its average volume of 9,733,547. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. 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 company has a market capitalization of $215.16 billion, a P/E ratio of 24.47, a PEG ratio of 1.76 and a beta of 1.56. The company has a 50 day moving average of $118.28 and a two-hundred day moving average of $107.51.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. Walt Disney had a net margin of 9.47% and a return on equity of 9.99%. The company 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 firm earned $1.21 EPS. The company's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal 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.