Cabot Wealth Management Inc. Purchases 3,973 Shares of The Walt Disney Company (NYSE:DIS)

Cabot Wealth Management Inc. increased its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,165 shares of the entertainment giant's stock after buying an additional 3,973 shares during the quarter. Cabot Wealth Management Inc.'s holdings in Walt Disney were worth $9,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mizuho Securities Co. Ltd. lifted its position in shares of Walt Disney by 1,605.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 3,070 shares of the entertainment giant's stock worth $303,000 after buying an additional 2,890 shares during the last quarter. Foundation Wealth Management LLC lifted its position in shares of Walt Disney by 37.8% during the 1st quarter. Foundation Wealth Management LLC now owns 5,991 shares of the entertainment giant's stock worth $591,000 after buying an additional 1,644 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Walt Disney during the 1st quarter worth $434,000. Citizens & Northern Corp lifted its position in shares of Walt Disney by 9.7% during the 1st quarter. Citizens & Northern Corp now owns 12,876 shares of the entertainment giant's stock worth $1,271,000 after buying an additional 1,134 shares during the last quarter. Finally, Abundance Wealth Counselors lifted its position in shares of Walt Disney by 2.7% during the 1st quarter. Abundance Wealth Counselors now owns 9,925 shares of the entertainment giant's stock worth $1,004,000 after buying an additional 263 shares during the last quarter. 65.71% of the stock is currently owned by institutional investors.

Insider Activity at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company's 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 sale, the executive vice president now owns 46,831 shares in the company, valued at $5,190,748.04. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Walt Disney Trading Down 0.2%

Shares of Walt Disney stock traded down $0.25 on Friday, hitting $117.61. 17,150,479 shares of the company's stock traded hands, compared to its average volume of 10,113,022. The Walt Disney Company has a one year low of $80.10 and a one year high of $120.50. 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 company has a fifty day moving average of $104.69 and a two-hundred day moving average of $105.80. The company has a market capitalization of $211.44 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIS. Loop Capital upped their target price on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a report on Monday, April 21st. Morgan Stanley upped their target price on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Guggenheim lowered their target price on Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.96.

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.