The Walt Disney Company (NYSE:DIS) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,714 shares of the entertainment giant's stock after buying an additional 2,452 shares during the period. Daymark Wealth Partners LLC's holdings in Walt Disney were worth $14,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 38,482,309 shares of the entertainment giant's stock valued at $4,272,590,000 after purchasing an additional 809,989 shares during the period. Northern Trust Corp raised its stake in Walt Disney by 10.4% during the fourth quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after purchasing an additional 2,096,431 shares during the period. Norges Bank acquired a new position in shares of Walt Disney in the 4th quarter valued at $2,415,427,000. Bank of New York Mellon Corp grew its stake in shares of Walt Disney by 15.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock valued at $1,904,563,000 after buying an additional 2,300,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Walt Disney by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock worth $1,878,142,000 after buying an additional 3,016,339 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 report on Tuesday. UBS Group lifted their price objective on Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley increased their target price on shares of Walt Disney from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim dropped their price objective on shares of Walt Disney from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Barclays lifted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.96.

Walt Disney Stock Performance

Shares of NYSE DIS traded down $1.02 during midday trading on Thursday, hitting $118.50. The company's stock had a trading volume of 7,915,404 shares, compared to its average volume of 10,065,737. The firm has a market cap of $213.03 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.80 and a beta of 1.54. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $120.50. The firm's fifty day moving average price is $100.15 and its 200-day moving average price is $105.82. 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 issued its 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 company had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. Walt Disney's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walt Disney 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 sale, the executive vice president now directly owns 46,831 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company's stock.

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.