BridgePort Financial Solutions LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,837 shares of the entertainment giant's stock, valued at approximately $650,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new position in Walt Disney in the fourth quarter valued at $28,000. Tacita Capital Inc raised its stake in Walt Disney by 93.2% during the fourth quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after purchasing an additional 124 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Walt Disney during the fourth quarter worth approximately $32,000. Finally, Midwest Capital Advisors LLC purchased a new position in Walt Disney during the fourth quarter worth approximately $34,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now directly owns 46,831 shares in the company, valued at approximately $5,190,748.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.
Walt Disney Trading Down 0.7%
Shares of Walt Disney stock traded down $0.81 on Wednesday, hitting $111.55. The stock had a trading volume of 5,777,768 shares, compared to its average volume of 10,035,230. The stock has a 50 day moving average of $96.34 and a 200 day moving average of $105.46. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $118.63. 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 $200.54 billion, a P/E ratio of 36.34, a PEG ratio of 1.80 and a beta of 1.49.
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, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Morgan Stanley raised 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. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. 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 report on Thursday, May 8th. Wolfe Research upgraded shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective on the stock in a research report on Monday, April 21st. Finally, The Goldman Sachs Group lifted 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 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 company's stock. According to data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.54.
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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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