Cary Street Partners Financial LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

Key Points

• Cary Street Partners Financial LLC increased its holdings in The Walt Disney Company by 21.7%, acquiring an additional 21,514 shares, bringing its total to 120,752 shares valued at approximately $11.9 million.
• The stock of Walt Disney is currently trading at $119.38, with a market capitalization of $214.62 billion and an earnings per share of $1.45 reported for the most recent quarter.
• Analyst firms have raised their target prices on Disney stock, with several institutions rating it as "overweight" or "outperform," suggesting strong confidence in the company's future performance.

Cary Street Partners Financial LLC increased its position in The Walt Disney Company (NYSE:DIS - Free Report) by 21.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 120,752 shares of the entertainment giant's stock after purchasing an additional 21,514 shares during the period. Cary Street Partners Financial LLC's holdings in Walt Disney were worth $11,918,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Walt Disney in the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Walt Disney during the 1st quarter worth approximately $26,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after purchasing an additional 200 shares during the period. Copia Wealth Management acquired a new position in Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.71% of the company's stock.

Walt Disney Trading Up 2.4%

Shares of Walt Disney stock opened at $119.38 on Tuesday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The firm has a market cap of $214.62 billion, a PE ratio of 24.41, a P/E/G ratio of 1.71 and a beta of 1.56. The business's fifty day moving average is $118.95 and its two-hundred day moving average is $107.82. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly 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 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 posted $1.21 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DIS. Morgan Stanley boosted their target price on Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday. Evercore ISI boosted their target price on Walt Disney from $134.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday. Wall Street Zen cut Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $129.83.

Insider Buying and Selling at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total value of $110,840.00. Following the transaction, the executive vice president directly owned 46,831 shares of the company's stock, valued at approximately $5,190,748.04. This trade represents a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.

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.

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