Aviance Capital Partners LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Aviance Capital Partners LLC increased its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,001 shares of the entertainment giant's stock after acquiring an additional 2,396 shares during the quarter. Aviance Capital Partners LLC's holdings in Walt Disney were worth $3,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DIS. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at about $27,000. Kessler Investment Group LLC boosted its position in shares of Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Walt Disney during the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Walt Disney in the fourth quarter valued at about $36,000. Finally, Vision Financial Markets LLC acquired a new position in Walt Disney in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Stock Up 0.8%

Shares of DIS stock traded up $1.00 during trading hours on Friday, reaching $123.98. 4,252,305 shares of the stock were exchanged, compared to its average volume of 10,037,800. The business's fifty day moving average is $111.19 and its two-hundred day moving average is $106.29. 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 12-month low of $80.10 and a 12-month high of $124.69. The firm has a market capitalization of $222.88 billion, a P/E ratio of 25.35, a P/E/G ratio of 1.81 and a beta of 1.56.

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 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 firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Walt Disney

In related 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 transaction of $110,840.00. Following the sale, the executive vice president directly owned 46,831 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

DIS has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Rosenblatt Securities upped their target price 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. Wolfe Research raised shares of 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, Morgan Stanley upped their target price on shares of Walt Disney from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Five 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.83.

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.