Castlekeep Investment Advisors LLC Purchases 6,958 Shares of The Walt Disney Company (NYSE:DIS)

Castlekeep Investment Advisors LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,575 shares of the entertainment giant's stock after purchasing an additional 6,958 shares during the quarter. Walt Disney comprises approximately 1.0% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 21st biggest position. Castlekeep Investment Advisors LLC's holdings in Walt Disney were worth $2,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $27,000. Kessler Investment Group LLC lifted its holdings in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after buying an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Walt Disney during the fourth quarter worth $32,000. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney during the fourth quarter worth $39,000. 65.71% of the stock is owned by institutional investors.

Insider Activity

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 in the company, valued at $5,190,748.04. This trade 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 this link. 0.16% of the stock is currently owned by corporate insiders.

Walt Disney Trading Up 1.5%

Shares of Walt Disney stock traded up $1.85 on Thursday, reaching $121.67. 3,730,140 shares of the company's stock were exchanged, compared to its average volume of 9,971,495. The company has a market capitalization of $218.74 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. The Walt Disney Company has a 52 week low of $80.10 and a 52 week high of $124.69. The firm's 50-day moving average is $116.35 and its two-hundred day moving average is $106.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67.

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

Wall Street Analysts Forecast Growth

DIS has been the subject of a number of analyst reports. Guggenheim boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. UBS Group boosted their target price on Walt Disney from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday. Jefferies Financial Group raised Walt Disney from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $144.00 in a research note on Monday, June 30th. Finally, Wolfe Research raised Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.13.

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.