Bond & Devick Financial Network Inc. Takes $219,000 Position in The Walt Disney Company (NYSE:DIS)

Bond & Devick Financial Network Inc. bought a new stake in The Walt Disney Company (NYSE:DIS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,220 shares of the entertainment giant's stock, valued at approximately $219,000.

Several other large investors also recently made changes to their positions in DIS. Mechanics Bank Trust Department grew its stake in Walt Disney by 4.9% in the 1st quarter. Mechanics Bank Trust Department now owns 14,374 shares of the entertainment giant's stock valued at $1,419,000 after buying an additional 675 shares in the last quarter. Wallace Advisory Group LLC purchased a new position in Walt Disney in the first quarter worth $206,000. Fifth Third Wealth Advisors LLC lifted its stake in Walt Disney by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 57,914 shares of the entertainment giant's stock worth $5,716,000 after purchasing an additional 1,729 shares during the last quarter. Peoples Bank KS lifted its stake in Walt Disney by 2.3% in the first quarter. Peoples Bank KS now owns 8,102 shares of the entertainment giant's stock worth $800,000 after purchasing an additional 180 shares during the last quarter. Finally, Dumont & Blake Investment Advisors LLC lifted its stake in Walt Disney by 0.7% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 18,904 shares of the entertainment giant's stock worth $1,866,000 after purchasing an additional 124 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Stock Performance

NYSE DIS traded down $0.17 during mid-day trading on Monday, reaching $112.87. 7,341,557 shares of the stock were exchanged, compared to its average volume of 10,038,184. The business's 50 day moving average is $97.05 and its 200-day moving average is $105.68. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $118.63. The company has a market capitalization of $202.91 billion, a P/E ratio of 36.77, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. On average, equities research analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays upped their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price target on shares of Walt Disney in a report on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and set a $135.00 price target on shares of Walt Disney in a report on Monday, February 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.54.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 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 legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.