Confluence Investment Management LLC Acquires Shares of 138,018 The Walt Disney Company (NYSE:DIS)

Confluence Investment Management LLC bought a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 138,018 shares of the entertainment giant's stock, valued at approximately $13,622,000.

Several other hedge funds also recently added to or reduced their stakes in DIS. Pathway Financial Advisors LLC increased its position in Walt Disney by 2.7% in the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after purchasing an additional 92 shares during the period. Prossimo Advisors LLC increased its position in Walt Disney by 1.1% in the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after purchasing an additional 92 shares during the period. Onefund LLC increased its position in Walt Disney by 2.0% in the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares during the period. Abundance Wealth Counselors increased its position in Walt Disney by 1.0% in the fourth quarter. Abundance Wealth Counselors now owns 9,662 shares of the entertainment giant's stock worth $1,076,000 after purchasing an additional 94 shares during the period. Finally, Boston Financial Mangement LLC increased its position in Walt Disney by 1.5% in the fourth quarter. Boston Financial Mangement LLC now owns 6,287 shares of the entertainment giant's stock worth $700,000 after purchasing an additional 94 shares during the period. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 shares were sold at an average price of $110.84, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DIS. Needham & Company LLC restated a "buy" rating and issued a $125.00 price target on shares of Walt Disney in a research report on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a research report on Monday, April 21st. The Goldman Sachs Group raised their price objective on Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Morgan Stanley raised their price objective on Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Barclays raised their price objective on Walt Disney from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note 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. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Trading Up 0.9%

NYSE DIS traded up $1.03 on Friday, reaching $113.05. The company had a trading volume of 12,878,557 shares, compared to its average volume of 10,067,040. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market cap of $203.24 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The business has a 50 day moving average of $96.82 and a two-hundred day moving average of $105.55. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion for 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 business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Analysts forecast that The Walt Disney Company will post 5.47 EPS for the current year.

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.