Blue Zone Wealth Advisors LLC Increases Holdings in The Walt Disney Company (NYSE:DIS)

Blue Zone Wealth Advisors LLC boosted its stake in The Walt Disney Company (NYSE:DIS - Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,170 shares of the entertainment giant's stock after acquiring an additional 3,021 shares during the period. Blue Zone Wealth Advisors LLC's holdings in Walt Disney were worth $4,458,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Walt Disney by 7.7% in the fourth quarter. Brighton Jones LLC now owns 26,767 shares of the entertainment giant's stock valued at $2,980,000 after buying an additional 1,904 shares during the period. Insight Advisors LLC PA lifted its stake in Walt Disney by 10.6% in the fourth quarter. Insight Advisors LLC PA now owns 2,779 shares of the entertainment giant's stock valued at $308,000 after buying an additional 266 shares during the period. Adero Partners LLC acquired a new position in Walt Disney in the fourth quarter valued at approximately $208,000. Financial Advocates Investment Management lifted its stake in Walt Disney by 2.1% in the fourth quarter. Financial Advocates Investment Management now owns 12,547 shares of the entertainment giant's stock valued at $1,397,000 after buying an additional 263 shares during the period. Finally, Silver Oak Securities Incorporated raised its position in shares of Walt Disney by 31.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 10,404 shares of the entertainment giant's stock worth $1,153,000 after purchasing an additional 2,477 shares during the period. 65.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Loop Capital upped their target price on Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Guggenheim lowered their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Rosenblatt Securities upped their target price on Walt Disney from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Walt Disney in a research report on Thursday, May 8th. Finally, Morgan Stanley increased their price target on Walt Disney from $110.00 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 assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.75.

Walt Disney Price Performance

NYSE DIS traded up $1.42 during trading hours on Friday, hitting $113.95. The company had a trading volume of 5,786,189 shares, compared to its average volume of 10,015,956. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $118.63. The firm has a 50 day simple moving average of $98.47 and a 200 day simple moving average of $105.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market capitalization of $204.85 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.80 and a beta of 1.49.

Walt Disney (NYSE:DIS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same quarter last year, the company earned $1.21 EPS. The firm's revenue was up 7.0% compared to the same quarter last year. Equities research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Insider Activity

In other news, EVP Brent Woodford sold 1,000 shares of Walt Disney 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 completion of the sale, the executive vice president now owns 46,831 shares in the company, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company's stock.

Walt Disney 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.