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

Confluence Investment Management LLC acquired a new stake in The Walt Disney Company (NYSE:DIS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 138,018 shares of the entertainment giant's stock, valued at approximately $13,622,000.

Other large investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Walt Disney in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at $28,000. Tacita Capital Inc boosted its holdings in shares of Walt Disney by 93.2% in the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Walt Disney during the fourth quarter worth $32,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Walt Disney during the fourth quarter worth $34,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of Walt Disney stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total transaction of $110,840.00. Following the completion of the sale, the executive vice president now directly owns 46,831 shares in the company, valued at $5,190,748.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wolfe Research raised shares of Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Monday, April 21st. Guggenheim lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group increased their price target on shares of Walt Disney from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Loop Capital increased their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group increased their price target on shares of Walt Disney from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walt Disney currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.54.

Walt Disney Price Performance

Shares of NYSE DIS traded up $1.03 during mid-day trading on Friday, reaching $113.05. The company's stock had a trading volume of 12,878,557 shares, compared to its average volume of 10,048,260. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $118.63. The stock has a market capitalization of $203.24 billion, a P/E ratio of 36.82, a P/E/G ratio of 1.80 and a beta of 1.49. The stock has a 50-day moving average of $97.05 and a two-hundred day moving average of $105.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.

Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. The firm had revenue of $23.62 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period last year, the business earned $1.21 earnings per share. Walt Disney's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Walt Disney Company will post 5.47 EPS for the current fiscal 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.